11/21/2024
BTC97,037.0
ETH3,140.33
USDT1.0
SOL238.28
BNB611.24
XRP1.11
DOGE0.385752
USDC1.0
BUSD0.996376
Last news
06/11/2024

Solana blocked a group of validators for participating in sandwich attacks

06/11/2024
4,7

Bot-driven disturbances have been plaguing the Solana blockchain for a noticeable period, leading the Solana Foundation to take decisive action against certain validators within its ecosystem.

This was in response to these validators' participation in executing “sandwich attacks” against Solana's users.

On the foundation's Discord official channel, Tim Garcia, who oversees Validator Relations at Solana, announced the definitive nature of these actions. He highlighted the foundation's commitment to continue identifying and penalizing validators involved in mempool activities facilitating sandwich attacks.

Mert Mumtaz, the co-founder of Helius, a key provider for Solana's RPC, explained the rationale behind the decision. The foundation's primary aim is to deter delegations towards validators engaged in unethical practices that victimize everyday users.

Mumtaz elaborated on how sandwich attacks represent a strategy within the category of maximal extractable value (MEV) attacks. These strategies ensure market participants consistently face unfavorable prices, allowing perpetrators to reap undue profits. While Solana's structure inherently counteracts such attempts, certain operators have modified their validators to execute these attacks.

He also anticipated that stake pools might soon implement policies to combat against sandwich attacks.


Subscribe to Cryptonica.News
on social networks

The materials found on the Cryptonica website shall not be taken as individual investment recommendations. The financial instruments or operations mentioned therein may not align with your investment profile or objectives. We assume no responsibility for any missing facts or inaccurate information in the texts. Cryptocurrencies are financial assets with high risk and volatility. Therefore, it is crucial that you conduct your own research on financial instruments and make independent decisions. Before engaging in any actions related to cryptocurrency, you shall study, understand, and comply with the laws applicable in your region and country.


How useful is this article for you?
Thank you for your review!

Last news