The post The Solana Foundation removes the validators due to sandwich attacks appeared on BitcoinEthereumNews.com.

The Solana Foundation has recently taken decisive action by removing a group of validator operators from its delegation program due to their involvement in sandwich attacks against users. This move, aimed at safeguarding the integrity and security of the network, underscores the foundation’s commitment to maintaining a fair and secure ecosystem for all participants. What is a sandwich attack? Why is it dangerous for Solana Foundation? To fully understand the gravity of the situation, it is essential to understand what sandwich attacks are. Sandwich attacks are a form of market manipulation in cryptocurrencies and decentralized exchanges (DEX). In a sandwich attack, a malicious actor observes a pending transaction on the blockchain and inserts two transactions: one before and one after the observed one. The goal is to exploit the price fluctuations caused by the original transaction to make a profit. In other words, the malicious actor “inserts” their transactions “around” the target transaction, hence the term “sandwich”. The Solana Foundation has discovered that some validators in its delegation program were actively participating in these sandwich attacks. This behavior not only undermines users’ trust in the network, but also goes against the rules and principles established by the foundation itself. The foundation acted quickly to remove these validators, emphasizing that such harmful practices will not be tolerated. This decision was made in line with the policies of the Solana Foundation, which prohibit any activity that could damage the integrity of the network or disadvantage users. The removal of these operators not only protects users but also serves as a warning to other validators who might consider similar practices. The importance of the delegation program The delegation program of the Solana Foundation is a crucial element of the Solana ecosystem. It allows stakers to delegate their SOL tokens to trusted validators, thus…

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Filed under: News - @ June 11, 2024 6:28 am