Solana Foundations Takes Action Against Validators Enabling Sandwich Attacks

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 Foundation’s Final Word

In the foundation’s 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 Solana’s 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 foundation’s 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 user’s order is processed.

Such a tactic drives up the token’s price. Once the user’s 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.

The post Solana Foundations Takes Action Against Validators Enabling Sandwich Attacks appeared first on CryptoPotato.

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

Latest posts

post-thumbnail
Ethereum Gains BlackRock’s Favor Over Permissioned Blockchains – ETH Price to Rally?
Ethereum (ETH) is tipped for a bullish run following the recent shift of BlackRock towards permissio...
READ MORE
post-thumbnail
Ethereum Gains BlackRock’s Favor Over Permissioned Blockchains – ETH Price to Rally?
Ethereum (ETH) is tipped for a bullish run following the recent shift of BlackRock towards permissio...
READ MORE
post-thumbnail
BTC Prague: Deutsche Telekom Announces Bitcoin Mining Intention
Deutsche Telekom announces plans to fully delve into Bitcoin mining. partnership with Polygon positi...
READ MORE
post-thumbnail
BTC Prague: Deutsche Telekom Announces Bitcoin Mining Intention
Deutsche Telekom announces plans to fully delve into Bitcoin mining. partnership with Polygon positi...
READ MORE
post-thumbnail
Increase Startup Revenue Via Blockchain: Learn The Right Use
With entrepreneurs spearheading innovation, the blockchain technology scene is changing quickly. One...
READ MORE
post-thumbnail
Increase Startup Revenue Via Blockchain: Learn The Right Use
With entrepreneurs spearheading innovation, the blockchain technology scene is changing quickly. One...
READ MORE
post-thumbnail
The Future of Crypto Payments for Startups
The emergence of Bitcoin has been among the most revolutionary events in the fast-changing financial...
READ MORE
post-thumbnail
The Future of Crypto Payments for Startups
The emergence of Bitcoin has been among the most revolutionary events in the fast-changing financial...
READ MORE
post-thumbnail
SEC Wants $102.6M After Ripple’s Terraform Labs Letter!
The SEC accuses Ripple of engaging in practices similar to those of previous violations. A potential...
READ MORE
post-thumbnail
SEC Wants $102.6M After Ripple’s Terraform Labs Letter!
The SEC accuses Ripple of engaging in practices similar to those of previous violations. A potential...
READ MORE
Read more posts