Hey Waivly Crew! 🌊 Developers have discovered Slope Wallet is to blame for the recent exploit on the Solana ecosystem. The Oxford City Football Club will soon become the first National League football club to accept Bitcoin payments.
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15,000+ Solana wallets drained in Slope Wallet exploit
On Tuesday night, the Solana ecosystem was targeted by unknown attackers, leading thousands of users to report that their funds had been drained from hot wallets, including Phantom, Slope Wallet, and Trust Wallet.
Solana's status updates Twitter account confirmed the hack at 3:39 AM (BST), noting that as of Wednesday morning, approximately 7,767 wallets were affected by the exploit.
However, blockchain explorer SolScan shows four identified attackers’ wallets collectively attacked over 15,000 wallets, and in the process, stole a total of $5.92 million in SOL, USDC, and other tokens.
While the cause of the attack remained unclear throughout the night, wallets that have been inactive for less than six months were primarily targeted. The attackers were able to sign transactions on behalf of the victims, suggesting a supply chain attack was to blame.
Engineers across several ecosystems, with the help of audit and security firms, shared soon after that the bug wasn't connected with Solana core code “but in software used by several software wallets popular among users of the network.”
Since then, they have discovered that the affected addresses were at one point created, imported, or used in Slope mobile wallet applications.
Oxford City Football Club to accept Bitcoin payments
The Oxford City Football Club has partnered with crypto exchange CoinCorner to become the first National League football club to accept Bitcoin as payment.
Fans will be able to spend Bitcoin on matchday tickets, as well as food and drink at Oxford City’s recently renamed RAW Charging Stadium. CoinCorner’s Lightning Network-enabled NFC card, Bolt Card, will also be supported.
"It's exciting to see the club become the first adopters of bitcoin payments in the National League,” said CoinCorner CEO, Danny Scott. “We believe this move will set a trend across Non-League and Football League divisions as digital currency establishes itself as the new normal for sports fans and event goers across the UK.”
Coinbase will be a back-of-shirt sponsor for Oxford City FC, and offer fans limited-edition Oxford City FC branded Bolt Cards to celebrate the partnership.
"Embracing the latest technologies and innovations to ensure Oxford City FC can continue to operate as a self-sustaining club is a key part of our long-term objectives,” said Justin Merritt, director of football at Oxford City FC. “Embracing the latest technologies and innovations to ensure Oxford City FC can continue to operate as a self-sustaining club is a key part of our long-term objectives.”
The Waves
👏 The Waivly Crew Platform officially launches
🚀 MicroStrategy Michael Saylor steps down to focus on Bitcoin
🚀 U.S. bill proposes to regulate Bitcoin and Ether under the CFTC
☕ Starbucks teases Web3 rewards program to attract new customers
Hustle Special
Start using failure as motivation
Pulling yourself together after a failed project, job, or experience of any kind can be daunting. Failure might tempt you to be lazy and do nothing, but that's the worst way you can deal with it. Failure doesn’t define you. How you manage it and recover is what really matters.
Before you can move on and learn from any mistakes, try to figure out what caused them. Leave your ego behind, and analyse the situation as if you were someone else. If you can’t comprehend that sometimes it might be your fault, you’ll never be able to learn from failure and move on.
The best way to reverse the negative impacts of failure is to move forward. Plan what you are going to do next or how you can resolve a mistake, and keep going! Even if you were unprepared to experience failure, you can still take the right steps to manage the situation and bounce back better than ever.
When scrolling through social media or listening to motivational speakers, you’ll often only hear about success, never failure. This isn’t the reality, as every person's path to success is full of setbacks along the way. For example, even Michael Jordan didn’t make every shot he attempted, but he kept going.
“I’ve missed more than 9000 shots in my career. I’ve lost almost 300 games. 26 times, I’ve been trusted to take the game winning shot and missed. I’ve failed over and over and over again in my life. And that is why I succeed.” - Michael Jordan.
Own and secure your crypto with Ledger
If you’re into cryptocurrency and own crypto assets, you need a secure place to store your coins and tokens. You probably already know that you shouldn’t store your crypto on an exchange due to potential hacks, not being solely in control of your crypto’s private keys, and for other reasons, and so a hardware wallet is the way to go and the best option to protect your private keys, therefore, you should make the move to a Ledger wallet.
Ledger wallets are an extremely secure and premium way to secure, manage, and grow your crypto assets with their Bluetooth-enabled hardware wallets, and easy-to-use app which lets you manage your portfolio on the go. They let you manage multiple assets, buy, sell, grow, and exchange crypto, gain financial freedom by you being in full control and ownership of your private keys, and so much more.
The wallets are really simple to setup, and to move your crypto over to, so there’s no reason not to secure your assets and take control of your cryptocurrency now and get yourself a Ledger device. You can manage 1800+ coins and tokens directly in the Ledger Live app once you’ve got your device up and running, so you’ll always have your entire portfolio covered.
Share The Wave
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*Waivly+ is a premium Waivly membership. Join at anytime by clicking “Subscribe” on the Waivly website, and cancel anytime by heading to your account on Waivly.
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