financetom
Cryptocurrency
financetom
/
Cryptocurrency
/
Solana Foundations Takes Action Against Validators Enabling Sandwich Attacks
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Solana Foundations Takes Action Against Validators Enabling Sandwich Attacks
Jun 10, 2024 9:25 PM

Sandwich bots have been wreaking havoc on the Solana network for quite some time. In a bid to crack down on these attacks, the Solana Foundation has decided to remove a group of validator operators from its delegation program.

The decision was made due to the involvement of these operators in carrying out sandwich attacks on Solana users.

Solana Foundations Final Word

In the foundations official Discord channel, the Solana Validator Relations Lead, Tim Garcia, said these decisions are final, and enforcement action will continue as they detect operators participating in mempool activities that enable sandwich attacks.

Anyone found engaging in such activity will be rejected from the program, and any stake from the Foundation will be immediately and permanently removed.

According to Mert Mumtaz, who happens to be the co-founder of Solana RPC provider Helius, this move aims to ensure that the foundation does not delegate to validators who conduct malicious attacks targeting retail users.

Mumtaz clarified that sandwich attacks are a malicious form of maximal extractable value (MEV) attack that ensures that retail users always get the worst prices while the attackers extract all the profit. While Solanas design natively prevents such attacks, some actors modified their validators to enable sandwiching.

He further stated that stake pools will likely adopt similar policies against sandwich attacks in the future.

Sandwich Attacks

The foundations decision comes as a welcome respite considering the fact that sandwich attacks is one of the most common types of MEV wherein bots scan the Solana network for users attempting to purchase a token. The bots then jump ahead in the transaction queue and place a large order for that token before the users order is processed.

Such a tactic drives up the tokens price. Once the users trade goes through at the inflated price, the bots sell their tokens at the new higher price, profiting from the artificial price increase they triggered at the expense of the user.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Top Ripple (XRP) Price Predictions as of Late: Massive Rally or Another Correction on the Way?
Top Ripple (XRP) Price Predictions as of Late: Massive Rally or Another Correction on the Way?
Mar 13, 2025
TL;DR Analysts are confident in XRPs ability to stay above key breakout levels, with some predicting a potential rally toward $9. While most forecasts remain optimistic, on-chain metrics show a decline in user activity, which could slow the assets momentum. XRP Shows a Great Sign of Strength The past few weeks have been quite eventful for the cryptocurrency market, which...
Crypto Market Faces More Trouble as Traders See Few Signs of Recovery
Crypto Market Faces More Trouble as Traders See Few Signs of Recovery
Mar 13, 2025
There has been a significant decline in crypto-wide trading volume following its peak on February 27th. Back then, traders were optimistically purchasing tokens as prices dipped. However, in the two weeks that followed, market cap declines have contributed to a noticeable shift in trader sentiment. Exhaustion, Hopelessness, And Capitulation According to Santiments analysis, this shift can be characterized by exhaustion,...
Ripple Secures DFSA License to Offer Regulated Crypto Payments in UAE
Ripple Secures DFSA License to Offer Regulated Crypto Payments in UAE
Mar 13, 2025
Blockchain-based payments provider Ripple has received regulatory approval from the Dubai Financial Services Authority (DFSA), becoming the first company of its kind to be licensed in the Dubai International Financial Center (DIFC). The U.S.-based firm will now be able to offer fully regulated cross-border crypto payments in the United Arab Emirates (UAE), which boasts a $40 billion remittance market. Ripple’s...
Trump Family Held Talks to Take Stake in Binance US Arm: Report
Trump Family Held Talks to Take Stake in Binance US Arm: Report
Mar 13, 2025
Representatives of US President Donald Trumps family reportedly held talks to acquire a financial stake in Binance.US, the American arm of the worlds largest cryptocurrency exchange. According to a report by the Wall Street Journal (WSJ), which cited people familiar with the matter, the discussion began last year after Binance reached out to allies of Trump to secure a business...
Copyright 2023-2026 - www.financetom.com All Rights Reserved