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Solana’s Fight Against the Crypto ‘Sandwich Attack’ Threat

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Helius CEO, Mert Montaz, recently addressed concerns on Solana Foundation’s Delegation program, after some validators were disqualified for malpractice. Montaz discussed the malicious bug known as a Sandwich attack, which can manipulate transactions and cause investors to lose funds. He explained that while Solana’s lack of a mempool prevents such attacks naturally, some validators have modified their software to enable these attacks on the platform.

Montaz emphasized that the Solana Foundation supports validators by delegating SOL tokens but takes a firm stance against misuse of the platform. The foundation will withhold token delegations from validators involved in Sandwich attacks, ensuring that retail users are not robbed of their stake. Despite the disqualification of some validators, representing less than 16% of the total stake, they can continue to operate independently without financial incentives from the foundation.

The CEO also highlighted the challenge of MEV on the Solana blockchain and the issue of malicious RPC providers spamming the network with harmful code. Montaz reassured users that Helius RPCs do not contribute to this problem and are actively working on developing an MEV-protected endpoint. He mentioned that future stake pools will likely adopt similar policies to discourage exploitative behavior and create a fairer environment for retail investors.

It is important to note that the information in the article is for informational and educational purposes only and does not constitute financial advice. Readers are advised to exercise caution before taking any action related to the company. Coin Edition is not responsible for any losses incurred due to the utilization of the content, products, or services mentioned. It is crucial for investors to stay informed and make informed decisions to protect their financial interests.

In conclusion, Montaz’s remarks shed light on the challenges faced by the Solana Foundation in addressing malicious activity on the platform. By taking a strong stance against validators involved in Sandwich attacks, the foundation aims to protect retail investors and maintain a fair environment for all stakeholders. The ongoing development of MEV-protected endpoints by Helius RPCs demonstrates a commitment to improving security and combating exploitative behavior in the cryptocurrency space. Investors should remain vigilant and informed to navigate the evolving landscape of blockchain technologies.

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