Solana Protocol Makes Significant Breakthrough in Security

Byadmin

Jul 30, 2024
Solana Protocol Makes Significant Breakthrough in SecuritySolana Protocol Makes Significant Breakthrough in Security

Sanctum Protocol, a key participant in the Solana ecosystem, has announced a significant breakthrough in security. The protocol, known for its liquid staking services, has lost control of its main domain, unstake.it, to an unidentified perpetrator. This incident raises concerns about potential risks of phishing attacks and scams for users. The protocol has issued a warning to avoid interacting with the compromised domain and urged users to revoke any permissions previously granted to the site.

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Efforts are currently being made to blacklist the domain and prevent further damage. This breach follows recent criticism of Sanctum’s strategy for distributing CLOUD tokens, which aimed to reward long-term commitment but resulted in community dissatisfaction. The project’s co-founder acknowledged that while some goals were achieved, the airdrop event failed to encourage positive community engagement.

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