Solana Whale Loses $14.2 Million to Suspected Hack

An early Solana whale may have fallen victim to a suspected hack, losing approximately $14.2 million in SOL.

The incident was flagged by on-chain investigators ZachXBT and Specter, who noted unusual activity involving unstaking and bridging transactions between the Solana and Ethereum blockchains.

The compromised address is believed to have been involved in the genesis block of the Solana network, suggesting it belonged to an early backer or developer.

The theft highlights ongoing security risks in decentralized finance, particularly with regards to staking and bridging protocols.