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 XNUMX, XNUMX, 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 that there were valid reasons for restricting these validators.
Despite Solana prohibiting 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 stop funding these validators to curb these practices and protect retail users.
Mumtaz noted that the broader impact is limited as before. However, since 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.
Solana ceases funding for certain validators on the network 