Solana stops funding certain validators on the network

Mert Mumtaz, co-founder of Helius, said that the Solana Foundation has stopped providing funds to validators involved in the so-called "sandwich attacks" on the Solana network.

Mumtaz explain , that as of June 10, 2024, these validators will no longer receive support from the foundation, but can still work on the network.

Validators operating in this way were identified by Mumtaz as rogue, modified versions, which he says are restricted for good reason.

Although MEV (Maximum Extractable Value) practices are prohibited on Solana because the network does not have access to the mempool, some validators still attempt to exploit the blockchain.

Solana ultimately decided to stop funding these validators in order to curb these practices in order to protect retail users.

Mumtaz noted that the wider impact is as limited as before. However, since Solana is a permissionless network, validators are still free to use MEV practices.

At the time of writing this article Left (LEFT) is trading at around $154 after a 3.2% drop in the last 24 hours.