The apparent hack marks a fresh setback for Solana, which has been touted as one of the potential long-term winners of the crypto industry because it was built to handle thousands of trades a second but has faced a series of outages in recent months. The Solana Foundation said on Wednesday that “engineers from multiple ecosystems, with the help of several security firms, are investigating drained wallets on Solana”. In many recent crypto hacking episodes, users did not receive their funds back since transactions typically cannot be reversed on blockchains.

https://www.ft.com/content/65e5829f-8107-48a8-a5d0-f7a8c8f79df3?sharetype=blocked