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How Scammers Compromise Solana Wallets Through Token Burning Coinpedia 04 Sep 2024

How Scammers Compromise Solana Wallets Through Token Burning 🔥

Hackers have discovered a new technique to scam Solana wallet users. They are burning tokens instantly from users' wallets.

Many Solana users buying tokens cannot find them in their wallets. The scammers use an embedded 'Permanent Delegate' extension in Solana’s Token 2022 protocol.

This extension enables the swift removal or transfer of tokens, facilitating the scam.

Source: coinpedia.org ↗