logo
  • menu
  • Markets
  • ETFs
  • Live
  • Spot
  • Futures
  • Learn
  • Sign In
  • Sign Up
  • Downloads
  • English
  • |
  • USD
  • |
Sign Up
Crypto PricesLearnLatest NewsDownloadsMarketsSpotAnnouncements
Home/
Latest News/
Industry

Identifying New Solana Drainers: Scam-as-a-Service Unveiled

By Martha Grizzard
Feb 15, 2024
4.6 
★
★
★
★
★
★
★
★
★
★
 469 User Rating
Share

Blowfish, a security firm specializing in Web3 technologies, has uncovered two fresh threats targeting the Solana blockchain, labeled as "Aqua" and "Vanish." These entities, termed Solana Drainers, have been identified as capable of executing bit-flip attacks, as detailed in an analysis shared on X (formerly Twitter) on February 9.

These newly discovered drainers, Aqua and Vanish, have raised concerns due to their ability to tamper with on-chain data conditions even after a user's private key has been utilized to sign a transaction. Blowfish's analysis highlights that these drainer scripts are available for purchase on platforms offering "scam-as-a-service" tools.

Blowfish's investigation has revealed the modus operandi of these Solana Drainers. By exploiting a vulnerability in Solana's dApps, wherein permissions are granted for transaction submission, these drainers can manipulate conditions within on-chain programs, potentially resulting in the unauthorized transfer of funds or account depletion.

Initially undetected by users, the drainer executes its scheme following the signing of a seemingly legitimate transaction. Subsequently, the drainer temporarily stalls the transaction and, through a separate action, alters the conditions of the dApp, creating a scenario where it appears to be sending funds but actually receives them instead.

Bit-flip attacks, the method employed by these drainers, involve the manipulation of encrypted data by modifying specific bits, thereby altering the decrypted message without requiring knowledge of the encryption key. This tactic poses a significant threat to the integrity of transactions and user assets within the Solana ecosystem.

The surge in such cryptocurrency-related threats targeting Solana is indicative of a growing trend. As per Chainanalysis data, there has been a notable increase in the number of individuals involved in Solana wallet cleaning toolkits, highlighting the escalating risks faced by users navigating the blockchain landscape.

To mitigate the impact of these emerging threats, the Blowfish team has implemented proactive defensive measures, including automatic blocking of newly identified drainers and continuous monitoring of on-chain activity to preemptively thwart malicious activities.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of BitKan. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. BitKan shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. Products mentioned in this article may not be available in your region.

Related News

  • TRC20-USDT Circulation Soars to 89.3 Billion Record on TRON

    TRC20-USDT Circulation Soars to 89.3 Billion Record on TRON

    The circulation of TRC20-USDT has officially ascended to a historic peak of 89.3 billion tokens, fundamentally expanding the liquidity threshold of the decentralized financial landscape.
    Hallie Gill
    May 12, 2026
  • 21Shares Debuts First Canton Network ETF (TCAN) on Nasdaq

    21Shares Debuts First Canton Network ETF (TCAN) on Nasdaq

    The TCAN ETF provides the first U.S.-listed gateway to Canton Coin (CC), the native utility token of the Canton Network.
    Martha Grizzard
    May 8, 2026
  • Pharos Reveals PROS Token Supply Model With Zero Initial Inflation

    Pharos Reveals PROS Token Supply Model With Zero Initial Inflation

    Pharos has unveiled the economic model for its PROS token, setting a fixed initial supply of 1 billion tokens and introducing a phased inflation schedule that begins at zero.
    Christopher Smith
    Apr 21, 2026

Latest News

Industry

Cryptocurrency

Airdrop

Markets

  • VerifiedX Launches Bitcoin Sidechain for Native DeFi Privacy

    VerifiedX Launches Bitcoin Sidechain for Native DeFi Privacy

    VerifiedX has officially introduced a decentralized "reliever chain" designed to bring programmable, privacy-preserving functionality to the Bitcoin network.
    Martha Grizzard
    May 18, 2026
  • Japan’s SBI and Rakuten Plan Crypto Trusts as Rules Finalize

    Japan’s SBI and Rakuten Plan Crypto Trusts as Rules Finalize

    SBI Securities and Rakuten Securities have officially announced plans to introduce cryptocurrency investment trusts to their massive retail user bases.
    Craig Green
    May 18, 2026
  • Senate Advances CLARITY Act: A New Era for U.S. Crypto Oversight

    Senate Advances CLARITY Act: A New Era for U.S. Crypto Oversight

    The Senate Banking Committee advanced the CLARITY Act on May 14, 2026 to establish a comprehensive federal framework for the digital asset industry.
    May 15, 2026
  • TRC20-USDT Circulation Soars to 89.3 Billion Record on TRON

    TRC20-USDT Circulation Soars to 89.3 Billion Record on TRON

    The circulation of TRC20-USDT has officially ascended to a historic peak of 89.3 billion tokens, fundamentally expanding the liquidity threshold of the decentralized financial landscape.
    Hallie Gill
    May 12, 2026
  • 21Shares Debuts First Canton Network ETF (TCAN) on Nasdaq

    21Shares Debuts First Canton Network ETF (TCAN) on Nasdaq

    The TCAN ETF provides the first U.S.-listed gateway to Canton Coin (CC), the native utility token of the Canton Network.
    Martha Grizzard
    May 8, 2026
View more data 

Top

View more
  1. 1S&P 500 Reclaims 200-Day Moving Average, Bitcoin Gains
  2. 2Trump Softens His Stance on Reciprocal Tariffs, US Stocks and Crypto Markets Rise
  3. 3Vitalik Buterin : The current price of ETH has not been affected by the merger event
  4. 4Vibhu Norby : Solana Spaces store to bring 100K people to Solana per month
  5. 5CZ: compared with the record high nine months ago, the current situation of the industry is much better

Top Gainers

View more
Opinion
OpinionOPN

$0.2093

+77.52%
Backpack
BackpackBP

$0.2871

+36.71%
Epic Chain
Epic ChainEPIC

$0.5660

+31.63%
Worldcoin
WorldcoinWLD

$0.5055

+23.81%
Siren
SirenSIREN

$0.7004

+22.88%

Top Trending

View more
edgeX
edgeXEDGE

$0.6305

-0.74%
Opinion
OpinionOPN

$0.2093

+77.52%
Humanity
HumanityH

$0.5645

-11.26%
Litecoin
LitecoinLTC

$46.2700

-3.20%
Worldcoin
WorldcoinWLD

$0.5055

+23.81%

Recently added

View more
Citrea
CitreaCTR

$0.0178

-2.99%
Solstice
SolsticeSLX

$0.2423

-32.97%
Nexus
NexusNEX

$0.00000294

-12.43%
Zest Protocol
Zest ProtocolZEST

$0.1328

-8.30%
Animal Welfare Fund
Animal Welfare FundAWF

$0.001666

+27.57%

Learn

View more
  1. 1What is Bitwise Hyperliquid ETF? How Does BHYP Work?
  2. 2What is PaperTrade on HyperEVM? Is Zero Funding Real?
  3. 3What Is Circle Arc? How Does the New USDC Blockchain Work?
  4. 4What Is Circle Arc Whitepaper? How to Join Circle Arc Testnet?
  5. 5Is the Bear Market Over? Decoding Bitcoin On-Chain Data
About Us
  • About BitKan
  • Contact Us
  • Announcements
  • VIP Program
  • BitKan Ambassador
  • Institutional Services
Products
  • Spot
  • Futures
  • Crypto Prices
  • Learn
  • News
  • Markets
  • How to Buy Crypto
  • BTC to USD Calculator
  • Reward
Help
  • Help Center
  • Email Us
  • Live Chat
  • Download APP
  • Listing Application
  • Buy Bitcoin
  • Buy Ethereum
  • Buy Dogecoin
  • Buy Altcoins
Terms
  • Terms of Use
  • Privacy Policy
  • Trading Rules
  • Fee
K-Site
English
About Us
+
  • About BitKan
  • Contact Us
  • Announcements
  • VIP Program
  • BitKan Ambassador
  • Institutional Services
Products
+
  • Spot
  • Futures
  • Crypto Prices
  • Learn
  • News
  • Markets
  • How to Buy Crypto
  • BTC to USD Calculator
  • Reward
Help
+
  • Help Center
  • Email Us
  • Live Chat
  • Download APP
  • Listing Application
  • Buy Bitcoin
  • Buy Ethereum
  • Buy Dogecoin
  • Buy Altcoins
Terms
+
  • Terms of Use
  • Privacy Policy
  • Trading Rules
  • Fee
K-Site
+
  • Twitter
  • Facebook
  • Telegram
  • YouTube
  • Instagram
  • Medium
  • Linkedin
@2012-2026 BITKAN.com