On-chain data shows that 181,000 SOL tied to a Solana early investor previously identified by on-chain investigator ZachXBT was stolen, with the holdings valued at about $14.2 million at current prices. The attacker then sold the full amount of SOL, moved the proceeds across chains to the Ethereum network, and ultimately converted the funds into 7,918 ETH. The transfer and conversion from Solana to Ethereum have now been completed, according to the update cited by ChainCatcher. The specific cause of the incident and the method used to steal the funds have not been disclosed.
On-chain data shows that 181,000 SOL held by a Solana early investor previously identified by on-chain investigator ZachXBT was stolen, according to ChainCatcher. At current prices, the tokens were worth about $14.2 million.
The attacker then sold all 181,000 SOL and bridged the funds to the Ethereum network, where the proceeds were ultimately exchanged for 7,918 ETH.
The asset transfer and conversion from Solana to Ethereum have now been completed. The specific cause of the incident and the method used in the theft have not been disclosed.
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