Solana-Based Protocol Announces a Major Security Breach

Sanctum Protocol, a key player in the Solana ecosystem, has announced a significant security breach.

The protocol, known for its liquid staking services, has lost control of its primary domain, unstake.it, to an unidentified party.

This incident raises concerns about potential phishing and scam risks for users.

The protocol has issued a warning to avoid interacting with the compromised domain and has urged users to revoke any permissions previously granted to the site.

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Efforts are underway to blacklist the domain and prevent further damage.

The breach follows recent criticism of Sanctum’s CLOUD token airdrop strategy, which aimed to reward long-term commitment but led to community dissatisfaction.

The project’s co-founder acknowledged that while some goals were achieved, the airdrop fell short of fostering positive community engagement.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.