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The Solana Foundation is not taking any shortcuts. It has taken drastic measures against crypto validator operators involved in so-called “sandwich” attacks against traders. These deceptive practices, which are proliferating in decentralized networks, have led to the complete expulsion of the perpetrators. This effort, in line with the Foundation's strict rules, aims to preserve the integrity of the Solana crypto ecosystem and protect retail investors from any exploitation.
Malicious cryptocurrency transactions revealed
Exploiting “sandwich” attacks Ordering of Transactions on the Network Ethereum and Solana, etc. principle It's simple, yet pernicious: a malicious actor places an order just before a pending trade, and then places another order just after it.
This operation: Cryptocurrency price manipulation By profiting from the difference, retail investors are guaranteed the worst price and the profits go into the attacker's pockets.
these Crypto ValidatorParticipation in memory pools facilitating these attacks was discovered, but was immediately Excluded from the Solana Foundation Delegation Program.
Tim Garcia, head of validator relations at Solana, announced the decision on Discord, The Foundation's Zero Tolerance Policy Against any malicious activity.
“The decision in this regard is final. Enforcement measures will continue if operators are detected participating in memory pools that enable sandwich attacks.,” He said.
Validators who were caught red-handed with these actions include: Participation in the program will be suspended indefinitelydecision without appeal.
Banning crypto validators
The Solana Foundation Harmful practices Some validators did not hesitate to change their configurations to allow these attacks.
Mert Mumtaz, co-founder of Helius, a Solana RPC provider, said: Serious Consequences Regarding these actions, he explained in a post on X how some cryptocurrency operators have abused the system to make personal profits at the expense of individual users.
“Some actors have added mods to their validators, making sandwiching possible on Solana.” he revealed.
The Solana Foundation, which delegated SOL tokens to help launch validators, found itself unwittingly supporting scammers.
The reaction was immediate. Anyone found engaging in these activities was immediately removed from the program, Any funding from the foundation will be cancelled.
This means that the Foundation is not funding people who steal from retailers with sandwich attacks, but these cryptographic validators can continue their schemes on the network. No foundation funding.
Incentives for transparency
In response to this situation, Solana 100% of transaction priority fees paid to crypto validatorsThe change, which was chosen by 77% of votes, is intended to encourage validators to prioritize the security and functionality of the network.
According to a report from Stakewiz.com, a group of validators: The move could cause a slight increase in inflation. It is essential to improve transparency.
“Our role here is to encourage voting, regardless of the outcome.“This measure is an important part of the review of remuneration distribution,” the report explains.
Debate surrounding the proposal was fierce, with some concerned about the potential impact on network inflation rates. Half of the fees for preferred transactions have been eliminatedraising concerns.Side Deal” ” between validators.
moreover, Abuse cases like 2FastBotThe company's use of MEV (Maximum Extractable Value) to make $1.8 million in profits was highlighted.
Nonetheless, optimistic voices like crypto investor Brian Kelly say Solana is Next US company with spot ETFHowever, skepticism about clear regulation remains strong.
The Solana Foundation has not hesitated to take a strong stance to protect the integrity of the crypto network, demonstrating its commitment to ensuring a safe and fair environment for all users by removing malicious validators and reforming financial incentives.
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Disclaimer
The views, thoughts and opinions expressed in this article are those of the author and should not be taken as investment advice. Please conduct your own research before making any investment decisions.
