**Crypto Security Alert: Solana Users Targeted by Scammers**

Backpack Wallet, in collaboration with security firm Blockaid, has uncovered over 71,000 malicious transactions targeting more than 5% of its users on the Solana network from June to September 2024. These scams, primarily involving malicious dApps and harmful contracts, could have cost users $26.6 million. The surge in attacks is linked to the growing activity of memecoin traders on Solana, as attackers shift focus from more secure EVM-based networks. In September alone, phishing scams resulted in $46 million in losses. Experts urge the industry to prioritize user protection over placing the onus on individuals to avoid scams.