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Suspected theft drains 180,900 SOL worth about $14.2 million

Suspected theft drains 180,900 SOL worth about $14.2 million

A wallet linked to Solana’s genesis distribution allegedly sent 181,026 SOL to a theft address, with the attacker later selling the holdings, bridging the proceeds to Ethereum and converting them into 7,918 ETH.

ETH
SOL

Fact Check
The claim is corroborated in near-identical detail by multiple independent sources dated July 10, 2026: BlockBeats, PANews, and CryptoBriefing all report 180,900 SOL (~$14.2M) drained from a Solana genesis-distribution wallet, unstaked and bridged to Ethereum, with no broader protocol issue identified. The report originates from on-chain investigator ZachXBT, with Specter Investigation as the first to spot the anomalous activity. Multiple corroborating X posts (@coinbureau and others) repeat the same figures. The 'suspected' framing and 'attack vector under investigation' status are consistent across sources. The only caveat is that this is an ongoing, developing investigation rather than a fully confirmed forensic conclusion, which is why probability is not higher.
Summary

A wallet tied to Solana’s genesis distribution may have lost about 180,900 SOL in a suspected theft, with on-chain investigator ZachXBT saying 181,026 SOL was transferred on July 10 from wallet HwtbQB…Pads to alleged theft address Ffd1oB…C2bE. A new update says the attacker sold all 181,000 SOL, moved the proceeds from Solana to Ethereum and converted them into 7,918 ETH, extending earlier reports that 60,000 SOL had been bridged. The stolen amount has been described as worth roughly $14.2 million, while another update valued it at about ¥2.3 billion. The activity is consistent with a wallet compromise followed by cross-chain movement of funds, though the cause of the theft and the attack method have not been disclosed. There is still no indication of a broader attack on genesis wallets or a vulnerability in the Solana protocol itself.

Terms & Concepts
  • bridging: Transferring assets or their value from one blockchain network to another.
  • genesis distribution: The initial allocation of tokens at a network’s launch to founders, backers or ecosystem-related entities.