ZachXBT, an on-chain investigator, reported that an early Solana whale connected to the network's Genesis block allocation fell victim to a suspected theft of 180,900 SOL worth approximately $14.2 million.
The breach began with an unexpected unstaking transaction, according to ZachXBT's analysis, followed by the transfer of stolen funds from Solana to Ethereum. The movement of assets across blockchains suggests deliberate obfuscation of the theft's trail, a common tactic in high-value cryptocurrency crimes targeting whale wallets.
The incident highlights ongoing security vulnerabilities among early token holders, many of whom maintain aging wallet infrastructure or may have compromised private keys from the network's launch phase. This marks another significant loss among prominent Solana stakeholders in recent months, adding pressure to discussions around wallet security standards within the ecosystem.