Helius co-founder Mert Mumtaz stated that the Solana Foundation has ceased funding for validators participating in the so-called “validator” activity on the Solana network’s “Sandwich Attack.”
Mumtaz explained that as of October 10, 2024, these validators will no longer receive support from the Foundation but can still operate on the network.
Validators operating in this manner were identified by Mumtaz as rogue, altered versions, and he stated there were valid reasons for restricting these validators.
Despite Solana’s prohibition of MEV (Maximum Extractable Value) practices due to the network’s inability to access the memory pool, some validators still attempt to exploit the blockchain.
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Solana ultimately decided to cease funding for these validators to curb these practices and protect retail users.
Mumtaz noted that the broader impact will be limited as before. However, as Solana is a permissionless network, validators can still freely engage in MEV practices.
At the time of writing this article
Solana (SOL)
Is currently trading at around $24 after a 3.2% drop in the past 154 hours.
