Yakovenko urges dedicated device and multisig security against phishing
Solana co-founder Anatoly Yakovenko identifies phishing and social engineering as crypto’s leading user-security threat.
Solana co-founder Anatoly Yakovenko identifies phishing and social engineering as crypto’s leading user-security threat. Solana (SOL) is trading at ₹8,804 ($92.84), down 0.6% since this brief published. This is an original Token Times brief based on reporting by Crypto.news, with live market data added, as of Wed, 04 Nov 2026 14:00:02 UTC.
The warning shifts attention toward attacks that steal credentials or persuade users into authorizing transactions, highlighting the importance of isolating wallet activity and requiring multiple approvals. It also raises the operational cost of inadequate security across the wider crypto market.
- Phishing and social engineering are the central security threats, both outlets report.
- Yakovenko recommends a dedicated iOS device and multisignature wallet.
- SOL trades at $93.39, up 1.18% over 24 hours but down 9.06% over seven days.
- The Fear & Greed Index stands at 34, indicating a Fear reading.
Solana co-founder Anatoly Yakovenko has warned that phishing and social engineering represent the biggest threat to crypto users, according to both Crypto.news and U.Today. His assessment focuses on schemes that can deceive users into surrendering access, approving malicious activity or revealing sensitive information, rather than identifying a new vulnerability in the Solana network.
Crypto.news reports that Yakovenko proposed a relatively low-cost security arrangement combining a dedicated iOS device configured in Lockdown Mode with a multisignature wallet. In that setup, the dedicated device provides an isolated environment for wallet activity, while multisignature approval introduces a requirement for multiple signatures before a transaction can proceed.
The two outlets corroborate the central warning but emphasize different aspects. U.Today says Yakovenko considers hackers a greater danger than AI or quantum computers, framing the issue as a comparison between present-day social and technical attacks and more speculative computing risks. Crypto.news goes further by detailing the device and multisignature combination he recommends. No material conflict appears between their accounts.
Because the warning originates with a Solana co-founder, it carries particular relevance for users of the Solana ecosystem, although the described threat is not limited to that chain. Yakovenko’s comments concern security practices around wallets and user authorization rather than protocol performance, market structure or the price of SOL.
The broader crypto market was broadly higher at the time of the report, with total capitalization at $2.69 trillion and 
Bitcoin up 1.85% over 24 hours. Solana was priced at $93.39, gaining 1.18% over 24 hours while remaining 9.06% lower over seven days; its market capitalization was $55.13 billion. The Fear & Greed Index stood at 34, corresponding to Fear, showing that the positive short-term move occurred amid subdued sentiment. What to watch is the continued spread of phishing and social-engineering tactics and whether users increase their use of isolated devices and multisignature approvals.
Since this brief published about 21 hours ago, Solana (SOL) has moved from ₹8,856.57$93.39 to ₹8,804.41$92.84 — -0.59%.
The chart plots SOL's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 SOL ≈ ₹9,842.43 (about $92.84), down 0.4% over 24 hours. The rupee itself trades about 11.8% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 4, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Yakovenko urges dedicated device and multisig security again — questions & answers
What security setup did Yakovenko recommend?
Crypto.news reports that he recommended a dedicated iOS device in Lockdown Mode paired with a multisignature wallet as a low-cost security setup.
Does Yakovenko see AI or quantum computers as the leading risk?
According to U.Today, he views hackers employing phishing and social engineering as a greater danger than AI or quantum computers.
How is Solana performing around this warning?
SOL was $93.39, up 1.18% over 24 hours but down 9.06% over seven days. Its market capitalization stood at $55.13 billion.
How much is 1 Solana worth in rupee today?
About ₹9,842.43 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $92.84. The rupee price moves with both SOL's US-dollar price and the USDT/INR rate; use our Solana in rupee page for any amount.
Has Solana's price moved since this brief was published?
SOL is down 0.59% since this brief first published — trading at ₹8,804 ($92.84) now versus ₹8,857 ($93.39) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Crypto.news. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.