Solana Based Sanctum Protocol Sounds Alarm On Compromised Website

Coingapestaff
July 30, 2024 Updated July 22, 2025
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Highlights

  • Sanctum Protocol loses control of its primary domain, potentially exposing users to scams and phishing attacks.
  • Users advised to avoid the compromised site and revoke access rights to protect their assets and information.
  • Sanctum Protocol is working to blacklist the compromised domain and provide updates on the situation through official channels.

Sanctum Protocol, a prominent player in the Solana ecosystem, has raised the alarm about a significant breach. The protocol, known for its liquid staking token services, has lost control of its primary domain to an unknown entity, potentially exposing users to scams and phishing attacks.

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Sanctum Protocol Security Breach Alert

In a critical announcement today, Sanctum Protocol, a liquid staking token (LST) protocol built on the Solana ecosystem, has alerted users to a serious security breach. The protocol’s official X account disclosed that they have lost control of their domain name, unstake.it, which has been taken over by an unknown entity.

Their officials believe the compromised website is likely being used for scamming or phishing purposes, posing a significant risk to users. The protocol has strongly advised all users to avoid visiting or interacting with the unstake.it website in any capacity.

For those who have previously authorized the website have been urgently recommended to revoke all access rights immediately to protect their assets and personal information. The team stated they are actively working to have the domain blacklisted on various cryptocurrency wallets to prevent further potential harm.

They are also getting the domain revoked and unhosted. This incident serves as a stark reminder of the ongoing security challenges in the cryptocurrency space and the importance of vigilance when interacting with decentralized finance (DeFi) protocols. They have promised to provide updates as the situation develops. In the meantime, users are advised to stay alert and verify all communications through official channels.

Also Read: Mt. Gox Prepares to Move the Rest of 80.5K Bitcoins, BTC Under Pressure

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Solana Based Airdrop Controversy

Prior to the security breach, Sanctum faced criticism over its CLOUD token airdrop strategy. The project aimed to reward long-term alignment and “earnestness” rather than short-term airdrop farming. Half of the airdrop was allocated based on points, while the other half was distributed based on users’ social contributions to the project.

Despite intentions to combat crypto-cynicism, the airdrop resulted in significant community disappointment. Many recipients expressed anger and frustration with the allocation, leading to public criticism and even tracking of users who sold their tokens immediately after receiving them.

The co-founder FP Lee acknowledged that while certain aspects of the airdrop execution were successful, such as incentivizing long-term holding through better vesting prices, the attempt to reward earnestness fell short. It created resentment among those who didn’t receive allocations, contrary to the goal of rallying the community around positive behavior.

Also Read: Venezuelan President Accuses Elon Musk in New Conspiracy Claims

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.