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Use ‘Cold Wallets’ to avoid Solana-like hacks : Indian Crypto Exchanges

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Following a major hack in Solana-based wallets in the early hours of August 3, Indian cryptocurrency exchanges said it’s unlikely to impact all Indian Solana traders unless they were using one of the impacted wallets.Nearly 8,000 wallets were hacked and investors stand to lose over $7 million across Solana-based wallets including Phantom, Slope, and TrustWallet.

Several Solana-based tokens like SOL, SPL, and others were stolen.To give a perspective, Solana is one of the more popular cryptocurrency tokens traded in India.

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