The post Inside Solana’s Battle Against the Crypto ‘Sandwich Attack’ Menace appeared on BitcoinEthereumNews.com.

Mert Montaz highlighted that validators exploiting the Sandwich attack bug on Solana are disqualified from the Solana Foundation program. The Solana Foundation will not support validators who misuse the platform for personal gain. Montaz noted ongoing issues with MEV and network spamming by some RPC providers. Helius CEO, Mert Montaz, recently addressed concerns on X (formerly Twitter) regarding the Solana Foundation Delegation program, following the disqualification of some validators for malpractice. I’m sure a lot of super honest people who have a perfect understanding of MEV on Solana and the Foundation Delegation program will try to misrepresent reality to feel better about their bags For those genuinely curious, I’ll summarize: – a sandwich attack is a malicious form of… pic.twitter.com/KhfGBgGuyT — mert | helius | hSOL (@0xMert_) June 10, 2024 Montaz explained how a malicious bug, known as a Sandwich attack, can manipulate transactions, causing investors to lose funds while attackers profit. He emphasized that Solana’s lack of a mempool prevents such attacks natively. However, some validators have modified their software to facilitate these attacks on the platform. Montaz clarified that while the Solana Foundation supports validators by delegating SOL tokens, it takes a strong stance against those who misuse the platform. “Since people are abusing the system to rob retail and then keep the profits all for themselves — Solana Foundation is not interested in retail users being robbed, especially with their own stake,” Montaz added that the foundation will withhold token delegations from validators involved in Sandwich attacks. He emphasized that the disqualified validators, representing less than 16% of the total stake, can still operate independently. However, the foundation will not financially incentivize validators who exploit users. Montaz highlighted the ongoing challenge of MEV on the Solana blockchain. He also pointed to the increasing issue of malicious RPC…

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Filed under: News - @ June 11, 2024 2:04 am