The post How Scammers Compromise Solana Wallets Through Token Burning appeared first on Coinpedia Fintech News
Hackers have found a novel way of conning Solana wallets, whereby they instantly burn tokens from the usersâ wallets. According to reports, Solana users buying tokens are unable to find them in their wallets. The scammers employ an embedded âPermanent Delegateâ extension in Solanaâs Token 2022 protocol to facilitate removing or transferring a token within a short period of time after an operation. This wicked strategy has elicited concern amongst the Solana ecosystem since it interferes with tokenomics and its usersâ balances. Users are encouraged to exercise prudence and diligence when dealing with tokens on the platform.