Solana Falls as Community Reacts to Quiet Fix of Critical Token Bug
Solana is trading 1% lower Monday to $143.92 as the network works to restore investor confidence following the quiet disclosure of a major vulnerability in its token system.
The coin is down 3.8% over the past week but remains up 21.5% in the last month.
Solana Price Slips to $143.92 Amid Controversy Over Quiet Bug Fix
The bug, which affected Solana’s privacy-focused Token-22 standard, could have allowed attackers to forge fake zero-knowledge proofs to mint unlimited tokens or withdraw assets from other users’ wallets. Engineers from Solana’s development teams responded quickly, issuing a patch within 24 hours of the vulnerability being disclosed on April 16.
The exploit stemmed from a flaw in the ZK ElGamal Proof program—technology used to validate confidential transfers without revealing private transaction details. The bug failed to include essential algebraic components during the Fiat-Shamir transformation, allowing sophisticated actors to …
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