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Solana: Consolidation Phase Starts As Token Movement Plateaus

NewsBTC LogoNewsBTC15h ago

Solana: Consolidation Phase Starts As Token Movement Plateaus - NewsBTC

Quick Summary:

According to Solana validator Laine, the vulnerability was known after members of the Solana Foundation reached out to them, advising of an upcoming security patch along with the date and identifier for the incident.  Anatomy of a patch In the past few hours a critical security vulnerability and patch were disclosed on Solana, this public disclosure occured after a supermajority of stake had already been patched to protect the network.

Related Reading: ARB Surges Nearly 10% As Franklin Templeton Launches Fund on Arbitrum Although SOL gained a lot during the market’s strong rebound, there has been some news that has also affected the token’s movement, hampering growth while shaking some investors off of the token.  Major Vulnerability Patched Quietly  Just last Thursday, a vulnerability was detected by the Solana Foundation, leading them to release a quick patch that resolves the issue.

All this happened under strict confidentiality.  "During the next 24 hours several other core members reached out to confirm readiness and reiterate the need for urgency and confidentiality,” Laine stated on their X post detailing the incident.  This led to some members of the Solana community questioning the decision to keep the incident hush-hush to the broader public which was only after the incident.


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Article Details

Author / Journalist: Christian Encila

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-10 @ 22:00:41 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 531 words

Reading Time: 3 minutes read

Sentences: 70 lines

Sentence Length: 8 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 22008388

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Main Topics: Crypto

Official Website: newsbtc.com

Update Frequency: 6 posts per day

Year Established: 2013

Headquarters: United Kingdom

News Last Updated: 13 hours ago

Coverage Areas: United Kingdom

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Publisher ID: #102

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