Security researchers at Otter have finally found the root cause of the widely publicized Solana breach - sloppy devs at the Slope wallet app.

Slope hired a server from a company called Sentry, which stored users' seed phrases in readable text form. Since the phrases were not encrypted, anyone with access to this specific Sentry server could potentially access users' private keys and steal their funds.

If you're a former user of the Slope wallet, you're advised to transfer your funds out by creating other wallets with unique seed phrases.

According to Otter's analysis, it looks like hackers have stolen $4 million from the users.

Otter's report is a timely reminder to all crypto users - never entrust your seed phrase to a third-party wallet or service. If you want to keep your funds safe, always store your seed phrase in a secure, offline location.

What do you guys think ?

Also I am not sure this is the right category for this so I will appreciate it if you let me know if I must remove this post from here