• Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
Thursday, September 11, 2025
  • Login
  • Register
Coin24h.com
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining
No Result
View All Result
Coin24h.com
No Result
View All Result
Ledger Nano X - The secure hardware wallet
ADVERTISEMENT

Crypto: Solana takes drastic measures

11 June 2024
in Solano
Reading Time: 6 mins read
A A
0
Crypto: Solana takes drastic measures
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter
cryptotrader
ADVERTISEMENT


Tue 11 Jun 2024 ▪
5
min of reading ▪ by
Mikaia A.

The Solana Foundation did not mess around. It took radical measures against crypto validator operators involved in so-called “sandwich” attacks against traders. These deceptive practices, booming on decentralized networks, have led to the outright expulsion of the culprits. This initiative, in line with the Foundation’s strict rules, aims to preserve the integrity of the Solana crypto ecosystem and protect individual investors from any exploitation.

A malicious crypto practice unveiled

“Sandwich” attacks exploit the sequencing of transactions on networks like Ethereum and Solana. The principle is simple but devilish: a malicious actor places an order just before a pending transaction and another immediately after.

This maneuver allows the manipulation of a crypto asset’s price to profit from the difference, guaranteeing retail investors the worst possible price. The benefits fall into the attacker’s pocket.

These crypto validators, identified for their participation in mempools facilitating these attacks, were immediately excluded from the Solana Foundation’s delegation program.

Tim Garcia, Solana’s validator relations head, announced this decision on Discord, reaffirming the Foundation’s zero-tolerance policy against any malicious activity.

“Decisions in this regard are final. Enforcement actions continue as we detect operators participating in mempools that enable sandwich attacks,” he stated.

Validators caught red-handed in these practices see their participation in the program suspended indefinitely, a decision without appeal.

Outlaw crypto validators

The Solana Foundation highlighted harmful practices where certain validators did not hesitate to modify their configuration to allow these attacks.

Mert Mumtaz, co-founder of Helius, a Solana RPC provider, emphasized the severe consequences of these actions. In a post on X, he described how some crypto operators perverted the system to profit personally, at the expense of retail users.

“Some actors added mods to their validators to enable sandwiching on Solana,” he revealed.

The Solana Foundation, which delegates SOL tokens to help validators start, finds itself unwittingly supporting fraudsters.

The reaction was immediate: anyone caught engaging in these activities is immediately excluded from the program, and any stake from the Foundation is removed.

In short, the Foundation does not fund those who steal from retailers through sandwich attacks. However, these crypto validators can continue their schemes on the network, without Foundation subsidy.

An incentive for transparency

In response to this situation, Solana decided to give 100% of transaction priority fees to crypto validators. This change, voted at 77%, aims to encourage validators to prioritize network security and functionality.

A report from Stakewiz.com, a group of validators, indicates that this measure could cause a slight increase in inflation but is essential to improve transparency.

“Our role here is mainly to help facilitate the vote, regardless of the outcome,” the report explains, adding that this measure is a key part of a reward distribution overhaul.

The debate around this proposal was intense, with some concerned about the potential impact on the network’s inflation rate. Half of the fees related to priority transactions was removed, raising fears of “side deals” between validators.

Additionally, exploitation cases like that of the 2Fast bot, which profited $1.8 million using MEV (maximum extractable value), were highlighted.

Despite this, optimistic voices, such as crypto investor Brian Kelly, suggest that Solana could be the next to have a spot ETF in the United States, although skepticism persists about clear regulation.

The Solana Foundation did not hesitate to hit hard to protect the integrity of its crypto network. By eliminating malicious validators and reforming financial incentives, it demonstrates its commitment to ensuring a safe and fair environment for all its users.

Maximize your Cointribune experience with our ‘Read to Earn’ program! Earn points for each article you read and gain access to exclusive rewards. Sign up now and start accruing benefits.

Click here to join ‘Read to Earn’ and turn your passion for crypto into rewards!

Related articles

Solana Treasury News: Forward (FORD) Closes .65B PIPE Deal Led by Galaxy, Jump Crypto, Multicoin – CoinDesk

Solana Treasury News: Forward (FORD) Closes $1.65B PIPE Deal Led by Galaxy, Jump Crypto, Multicoin – CoinDesk

11 September 2025
Big Solana News: Latest Developments Could Ignite Major Price Surge – TechFinancials

Big Solana News: Latest Developments Could Ignite Major Price Surge – TechFinancials

11 September 2025
Cryptohopper
ADVERTISEMENT
Mikaia A. avatar

Mikaia A.

La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.


Credit: Source link

[crypto-donation-box]
Tags: cryptoDrasticMeasuresSolanaTakes
Share76Tweet47
Ledger Nano X - The secure hardware wallet
Previous Post

Shiba Inu (SHIB) Hanging on Verge of Cliff, Dogecoin (DOGE) Heading Toward $0.13, Ethereum (ETH) Really Needs This Support

Next Post

BNB’s Price Surge Propels Binance’s CZ To Richest US Prisoner Status With $38B Net Worth

Related Posts

Solana Treasury News: Forward (FORD) Closes .65B PIPE Deal Led by Galaxy, Jump Crypto, Multicoin – CoinDesk

Solana Treasury News: Forward (FORD) Closes $1.65B PIPE Deal Led by Galaxy, Jump Crypto, Multicoin – CoinDesk

11 September 2025
0

Solana Treasury News: Forward (FORD) Closes $1.65B PIPE Deal Led by Galaxy, Jump Crypto, Multicoin  CoinDesk Credit: Source link

Big Solana News: Latest Developments Could Ignite Major Price Surge – TechFinancials

Big Solana News: Latest Developments Could Ignite Major Price Surge – TechFinancials

11 September 2025
0

Big Solana News: Latest Developments Could Ignite Major Price Surge  TechFinancials Credit: Source link

Here’s why Bitwise is tipping Solana for an end-of-year rally. And what could stall it – Yahoo Finance

Here’s why Bitwise is tipping Solana for an end-of-year rally. And what could stall it – Yahoo Finance

11 September 2025
0

Here’s why Bitwise is tipping Solana for an end-of-year rally. And what could stall it  Yahoo Finance Credit: Source link

Morning Minute: Solana's New Path to ATH – Yahoo Finance

Morning Minute: Solana's New Path to ATH – Yahoo Finance

11 September 2025
0

Morning Minute: Solana's New Path to ATH  Yahoo Finance Credit: Source link

Pi Coin Price Prediction; Solana Latest News & Why Remittix Is The Best Crypto To Buy In September Week Two – Crypto Economy

Pi Coin Price Prediction; Solana Latest News & Why Remittix Is The Best Crypto To Buy In September Week Two – Crypto Economy

11 September 2025
0

Pi Coin Price Prediction; Solana Latest News & Why Remittix Is The Best Crypto To Buy In September Week Two  Crypto...

Load More
Next Post
BNB’s Price Surge Propels Binance’s CZ To Richest US Prisoner Status With B Net Worth

BNB's Price Surge Propels Binance's CZ To Richest US Prisoner Status With $38B Net Worth

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Can CPI Rates Drive Market Sentiment-Bitcoin and Altcoins Poised for a Massive Price Action

Can CPI Rates Drive Market Sentiment-Bitcoin and Altcoins Poised for a Massive Price Action

11 September 2025
78,229 Ethereum Leaves Kraken As 4 New Wallets Move ETH: Institutional Accumulation?

78,229 Ethereum Leaves Kraken As 4 New Wallets Move ETH: Institutional Accumulation?

11 September 2025
ETH Mining, ADA Mining, And BNB Mining- Cloud Mining Opportunities At Hashj – BlockchainReporter

ETH Mining, ADA Mining, And BNB Mining- Cloud Mining Opportunities At Hashj – BlockchainReporter

11 September 2025
Why New Crypto Investors Are Betting Big On Remittix Over Solana In September

Why New Crypto Investors Are Betting Big On Remittix Over Solana In September

11 September 2025

About Us

We publish a comprehensive news feed covering all news relevant to the crypto user, covering main industry news, politics and regulation as well as consumer-level “news you can use” (practical stuff), including handy DIY tips, links to useful tools, unbiased reviews and opinions revolving around cryptocurrency. Simple logic and real-world examples are preferred before technical jargon and personal rants.

Categories

  • Altcoin
  • ApeCoin
  • Bitcoin
  • Blockchain
  • BNB
  • Cardano
  • Cryptocurrency
  • DOGE
  • DOT
  • Ethereum
  • HBAR
  • Litecoin
  • Market
  • Meta News
  • Mining
  • NFT
  • QNT
  • Regulation
  • SHIBA
  • Solano
  • Tether
  • Uncategorized
  • XDC
  • XLM
  • XRP

What’s New Here!

  • Can CPI Rates Drive Market Sentiment-Bitcoin and Altcoins Poised for a Massive Price Action
  • 78,229 Ethereum Leaves Kraken As 4 New Wallets Move ETH: Institutional Accumulation?
  • ETH Mining, ADA Mining, And BNB Mining- Cloud Mining Opportunities At Hashj – BlockchainReporter
  • Why New Crypto Investors Are Betting Big On Remittix Over Solana In September
  • Ethereum Investors Double Down As Staking Activity Spikes Sharply – Here’s How Much

Subscribe Now

Our Partner

Round Main Logo
  • About Us
  • Privacy Policy
  • Contact Us

© 2022-2025 coin24h.com

No Result
View All Result
  • Home
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • XRP
    • Litecoin
    • Altcoin
    • Cardano
    • Tether
    • DOGE
    • Solano
    • XLM
    • DOT
    • XDC
    • SHIBA
    • BNB
    • Ape
    • HBAR
    • QNT
  • Blockchain
  • Regulation
  • Market
  • Live
    • Prices
    • ICO
  • Meta
    • NFT
  • Technical Analysis
    • XRP
    • BTC
    • XLM
    • ADA
    • TETHER
    • ETC
    • ETH
    • DOGE
    • LTC
  • Exchange
  • Mining

© 2020 coin24h.com

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin (BTC) $ 114,467.00
  • ethereumEthereum (ETH) $ 4,424.62
  • xrpXRP (XRP) $ 3.03
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 896.85
  • solanaSolana (SOL) $ 226.59
  • usd-coinUSDC (USDC) $ 0.999818
  • staked-etherLido Staked Ether (STETH) $ 4,417.78
  • dogecoinDogecoin (DOGE) $ 0.252325
  • tronTRON (TRX) $ 0.345590
  • cardanoCardano (ADA) $ 0.882035
  • wrapped-stethWrapped stETH (WSTETH) $ 5,360.01
  • chainlinkChainlink (LINK) $ 23.95
  • hyperliquidHyperliquid (HYPE) $ 55.69
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 4,769.48
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 114,375.00
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • suiSui (SUI) $ 3.62
  • stellarStellar (XLM) $ 0.390206
  • figure-helocFigure Heloc (FIGR_HELOC) $ 0.998323
  • avalanche-2Avalanche (AVAX) $ 29.01
  • wrapped-eethWrapped eETH (WEETH) $ 4,755.88
  • bitcoin-cashBitcoin Cash (BCH) $ 589.44
  • wethWETH (WETH) $ 4,425.07
  • hedera-hashgraphHedera (HBAR) $ 0.235928
  • leo-tokenLEO Token (LEO) $ 9.57
  • litecoinLitecoin (LTC) $ 115.05
  • crypto-com-chainCronos (CRO) $ 0.259575
  • the-open-networkToncoin (TON) $ 3.19
  • usdsUSDS (USDS) $ 0.999841
  • shiba-inuShiba Inu (SHIB) $ 0.000013
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 114,433.00
  • polkadotPolkadot (DOT) $ 4.22
  • whitebitWhiteBIT Coin (WBT) $ 43.50
  • uniswapUniswap (UNI) $ 9.82
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.20
  • ethenaEthena (ENA) $ 0.764932
  • mantleMantle (MNT) $ 1.63
  • world-liberty-financialWorld Liberty Financial (WLFI) $ 0.192505
  • moneroMonero (XMR) $ 268.70
  • aaveAave (AAVE) $ 306.25
  • bitget-tokenBitget Token (BGB) $ 4.89
  • daiDai (DAI) $ 0.999289
  • pepePepe (PEPE) $ 0.000011
  • okbOKB (OKB) $ 194.17
  • bittensorBittensor (TAO) $ 358.77
  • nearNEAR Protocol (NEAR) $ 2.72
  • ondo-financeOndo (ONDO) $ 1.06
  • jito-staked-solJito Staked SOL (JITOSOL) $ 278.22