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Solana Foundation Addresses Issue Threatening Token Security

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by Giorgi Kostiuk

4 hours ago


The Solana Foundation recently fixed a bug that allowed hackers to mint tokens and steal them from user accounts. The bug was discovered on April 16 and has since been addressed.

Nature of the Vulnerability

The Foundation's analysis indicates that the vulnerability could have allowed a hacker to create invalid proof affecting the privacy of the blockchain. It primarily affected the Token-2022 and ZK ElGamal Proof programs, potentially allowing for the theft of Token-22 confidential tokens. The removal of certain algebraic components from the hash during the Fiat-Shamir transformation process initiated the vulnerability.

Validators' Response and Centralization Concerns

Following the discovery of the vulnerability, numerous Solana validators, including Anza, Firedancer, and Jito, adopted patches within two days. Concerns regarding centralization have been raised, particularly about the close relationships between the Foundation and the validators, which raises fears of a centralized failure point in a decentralized system.

Overall Security Status

According to the Foundation, there have been no known exploits of the vulnerability, and all funds remain secure. Validators are continuously monitoring the network's state and implementing necessary updates to prevent similar incidents in the future.

The bug in the Solana software has been successfully resolved, yet the centralization concerns among validators may continue to worry the community.

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