Solana wallet drainer activity has increased in recent months as the price of SOL has skyrocketed, making holders of SOL and SOL-based memecoins more lucrative phishing targets.
One of the largest online communities devoted to just one popular Solana (SOL) wallet drainer kit has more than 6,000 members, according to blockchain security firm Chainalysis.
Over the last week, several blockchain security firms shared concerns about a growing number of malicious Solana DApps — which have targeted users with Solana-based drainers.
“Phishing on the Solana network isn't new,” he noted before adding, “but with the resurgence of Solana's price cybercriminals are beginning to focus on targeting individuals in the ecosystem.”
