The Solana Exploit, Saylor’s Exit, and Is the Bottom In?

Published on
August 4th, 2022
37 minutes

The Solana Exploit, Saylor’s Exit, and Is the Bottom In?

Crypto Daily Briefing ·
Featuring Ash Bennington, Marco Olivera, and Rekt Capital

Published on: August 4th, 2022 • Duration: 37 minutes

Solana developers reported late yesterday afternoon that software used by the closed-source wallet Slope, not their code, is responsible for the ongoing exploit that’s seen at least $6 million drained from 9,000 wallets by hackers. Indeed, developers are adamant that the Solana protocol itself, including the underlying cryptography, was at no point compromised. At the top of today’s Crypto Daily Briefing, Marco Olivera and Ash Bennington analyze the Solana situation in light of recent developments. Marco and Ash also break down the latest ChainAnalysis report on cross-chain bridge hacks and assess the broader impact of Michael Saylor’s announcement that he’ll transition from CEO to executive chairman of MicroStrategy. And, in today’s main segment, Marco welcomes technical analyst Rekt Capital for a breakdown of recent price action. Marco poses to Rekt the question of all questions these days: Is the bottom in?