On June 10, the Solana Foundation announced it stopped financing for an unspecified number of validators. These validators were detected using sandwich attacks to abuse other accounts on the Solana network.
Mert Mumtaz, a well-known developer and entrepreneur, shared the story. He underlined how such behavior is used to defraud retail customers. Despite this step, affected validators can continue to function on the network. However, they will no longer get financial support from the foundation.
Solana's strategy strives to clean up its ecosystem while prioritizing user protection over revenues. Interestingly, the Solana Foundation only accounts for 16% of the validator pool, reducing the significance of its choice. While this approach may not eliminate malicious activity, it demonstrates Solana's dedication to fairness and security.
Solana saw a slight dip in value, trading at $158.65. The network still faces challenges with other MEV attacks, underscoring the ongoing battle against exploitative practices.
