The GMGN platform has launched a new protection feature against Maximum Extractable Value (MEV) attacks to safeguard its users. Additionally, affected users can claim compensation for their losses.
Increase in Attacks on the GMGN Platform
Co-founder Haze reported a rise in malicious attacks on the platform driven by bots utilizing MEV. In April 2025, there were over 260,000 attacks on Solana-based trading applications, with 30.8% occurring on GMGN, making it the most affected platform relative to its trading volume.
Compensation for User Losses
Users who fall victim to attacks on GMGN can claim compensation by providing their transaction hash and undergoing verification through official channels. Haze stated: 'If it has been verified that MEV was enabled [during the attack] and you were sandwiched, we will compensate you.'
Impact of Attacks on the Market and Countermeasures
Other major trading platforms, such as Binance and Bitget, are also working on protecting against MEV attacks. Binance has warned users about potential account suspensions for those using bots, while Bitget Wallet has upgraded its MEV protection to combat market manipulation.
The compensation and new security measures implemented by GMGN highlight the increasing need to protect users from market manipulation attacks. The platform continues to seek improvements in its security to maintain user trust.
