Backpack Wallet has identified malicious actors targeting over 5% of Solana network users. Over 71,000 malicious transactions were identified between June and September 2024, preventing a potential loss of $26.6 million for users.

Thanks to the collaboration with Blockaid, these transactions were detected by scanning 180 million users’ transactions. CEO Ido Ben-Natan stated that users in the Solana ecosystem are particularly exposed to attacks due to memecoin trading.

Sectoral measures should be taken to protect crypto users. How do you think such attacks can be prevented? Share your thoughts in the comments.