Solana Wallets Caught in a Phishing Signature Attacks

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The latest fraud incident in the Solana ecosystem is phishing in the form of apparently legitimate signature requests according to Scam Sniffer, a web3 anti-scam firm. The problem originates from Solana’s fast transaction speed because it leads to a divergence between emulated wallet states and real-world states. That is, there is a window of opportunity to mask more ill-intentioned actions and steal money from individuals’ wallets without causing suspicion for some time.

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