Phantom Wallet, a prominent wallet for the Solana blockchain, experienced a Distributed Denial of Service (DDoS) attack following the Jupiter (JUP) Airdrop. The attack aimed to overwhelm the wallet’s systems, causing some services to be temporarily halted to address security issues.
Ensuring Asset Safety Amidst Cyber Threats
The protocol’s administrators assured users that their assets remained secure despite the service disruptions, emphasizing that there was no cause for concern regarding fund safety.
Details about the DDoS attack have not been fully disclosed, but its timing is notable, occurring shortly after Phantom integrated Bitcoin, Ordinals, and BRC-20 tokens into its platform.
DDoS attacks typically exploit security vulnerabilities to flood a network with excessive traffic, potentially destabilizing the system and affecting the protocol’s availability to its users.
Solana’s network has a history of being targeted by such cyber-attacks. In the past, significant breaches have occurred, including a $320 million theft from the Wormhole bridge and the compromise of over 7000 Phantom wallets, leading to a $6 million loss.