Non-custodial Solana wallet Phantom is the latest victim of an exploit, with users reporting that their funds have been drained unknowingly.

The suspected wallet of the attacker has so far stolen at least $500,000 in SOL tokens, $1.5 million in SPL tokens and $1 million in NXDF tokens.

"We are evaluating the incident impacting Solana wallets and are working closely with other teams in the ecosystem to get to the bottom of this. We will issue an update once we gather more information,” a representative of Phantom told CoinDesk in a statement.

Some users suspect the hack could be related to transactions on Magic Eden’s Solana-based non-fungible token (NFT) marketplace, though the source of the exploit has yet to be confirmed. Magic Eden did not respond to CoinDesk’s request for comment, but tweeted a warning for users to revoke permissions from their wallet to avoid being attacked.

This is a developing story and will be updated.

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