Blowfish exposes new ‘aqua, vanish’ bit-flip drainers on Solana

 Web3 security company Blowfish recently detected a pair of sophisticated Solana (SOL) transaction drainers capable of executing elusive bit-flip attacks.

The firm’s Feb. 9 analysis details how these drainers — dubbed aqua and vanish — can alter a condition in on-chain data post-transaction signature by the user’s private key. 

These dangerous scripts lurking under the transactional radar are being peddled on the dark web, offering scammers a scam-as-a-service toolkit.

The Blowfish examination highlights the drainers’ adept use of the on-chain authority provided to decentralized apps (dapps), enabling them to switch from transaction facilitators to malicious account-draining entities.

Terra Classic (LUNC) Drops 8%, Bitcoin Dips to Weekly Lows (Market Watch)

Solana also continues to suffer and currently sits below $10.

Bitcoin continued with minor price declines in the past 24 hours, resulting in a dip to a weekly low of under $16,500.

Most altcoins are also in the red, including substantial losses from Solana and Terra Classic.

💰 Solana Records Biggest Loss on One DeFi Metric As BNB Chain Shows Resilience: DappRadar

DappRadar report finds that last month’s crypto market meltdown caused the total value locked (TVL) on smart contract platform Solana (SOL) to freefall. The data acquisition and analysis firm reports that Solana saw a 71% decrease in TVL month-on-month from October to November, crashing to $366 million.

The TVL of a blockchain represents the total capital held within its smart contracts and is calculated by multiplying the amount of collateral locked into the network by the current value of the assets. SOL is trading for $13.70 at time of writing. The 18th-ranked crypto asset by market cap is down more than 57% since November 1st when it was trading at $32.24.

Solana-based market maker integrates Stripe for fiat-to-crypto transactions

The Solana-based automated market maker Orca has opened up fiat purchases and fiat-to-crypto transactions through a new integration with Stripe. Solana ecosystem comes back from the aftershocks of the FTX liquidity earthquake, one of its leading automated market makers (AMM).

The AMM revealed an integration with Stripe that will power its new fiat-to-crypto on-ramp, making decentralized finance (DeFi) more accessible to users both in and out of the existing ecosystem. This new integration now enables fiat purchases along with fiat-to-crypto transactions. According to Ori Kawn, the co-founder of Orca, the new integration helps create wider access to economic tools.