Solana News Today: GMGN.Ai Compensates Every Attack Victim, Strengthening Confidence in DeFi
- GMGN.Ai announced full reimbursement for users affected by phishing and MEV sandwich attacks, impacting 836 accounts/transactions. - The platform completed 100% compensation within 48 hours, automatically crediting funds to wallets without user action. - Founder Haze confirmed phishing threats are neutralized while investigating MEV vulnerabilities, pledging enhanced security protocols. - The response earned community praise for transparency, highlighting DeFi's growing risks and need for stronger blockc
GMGN.Ai, a prominent
At the same time, GMGN.Ai responded to a larger-scale issue involving a maximal extractable value (MEV) sandwich attack, which affected 729 transactions on the
The swift action taken by GMGN.Ai has been met with approval from the crypto community, with many users praising the platform’s openness and sense of responsibility. One X user described the reimbursement as “legendary,” while others appreciated that no action was required from those affected, as highlighted in a
The recent attacks have also reignited discussions about the need for stronger security measures in blockchain networks. Solana, the network affected by the MEV exploit, has experienced a spike in memecoin activity, making it a frequent target for attackers. Despite the incident, CoinMarketCap data shows Solana’s price climbed 6.12% in the following 24 hours, demonstrating the market’s resilience, as noted in the MEXC announcement. Experts point out that while immediate compensation is vital, lasting trust will rely on improved network security and ongoing protocol enhancements, as also mentioned in the MEXC announcement.
GMGN.Ai’s response reflects a broader movement in DeFi, where platforms are increasingly focused on safeguarding users to maintain both liquidity and reputation. The founder has committed to further strengthening security measures after these events, indicating a more mature approach to risk management within the memecoin arena, as outlined in the Meme Insider post.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin News Update: Sequans Invests $111 Million in Bitcoin Amid Skepticism Over Institutional Holdings
- Sequans Communications deposits $111M into Coinbase, holding 3,234 BTC amid institutional Bitcoin adoption efforts. - Market skepticism grows as BTC treasury firms trade below holdings' value, highlighted by MicroStrategy's speculative S&P rating. - $3.55B Bitcoin ETF inflows boost BTC to $126,000, yet critics question digital assets' performance versus traditional markets. - Hexorin launches regulated institutional crypto platform, emphasizing compliance with global AML and BSA frameworks. - Asian excha
Bitcoin News Update: Trump Whale Wagers $430M on Fed Policy Changes and Global Political Shifts
- A Trump-linked crypto whale raised $430M short positions in Bitcoin and Ethereum, anticipating Fed policy shifts and geopolitical risks ahead of the Trump-Xi summit. - The Fed's 98% likely 25-basis-point rate cut and potential end of quantitative tightening could boost Bitcoin as an inflation hedge, per Bitwise analysts. - Stablecoin flows and $921M crypto fund inflows signal growing market confidence, while Trump's tariff rhetoric and the October 30 summit remain key volatility triggers. - Investors rem
OpenAI Adjusts Structure to Balance Profit and Philanthropy in $250 Billion Microsoft Agreement
- Microsoft and OpenAI finalize $250B cloud deal, with Microsoft securing 27% stake in OpenAI's public benefit corporation (PBC). - OpenAI transitions to PBC structure controlled by its nonprofit foundation, gaining operational flexibility while retaining philanthropic alignment. - Microsoft loses cloud service exclusivity but gains 2032 IP rights to AGI models, while OpenAI commits to $250B in Azure services. - Deal boosts Microsoft's market cap above $4 trillion and establishes new industry benchmarks fo
OceanPal Sets Out to Transform AI Sovereignty Through NEAR-Enabled Confidential Cloud
- OceanPal secured $120M PIPE to launch SovereignAI, building NEAR Protocol-powered confidential AI infrastructure. - The investment includes crypto-native firms Kraken/Proximity and advisors Clear Street/Cohen & Company, targeting 10% NEAR token ownership. - Shares fell 22.5% post-announcement, but the move aligns with "universal AI sovereignty" trends through decentralized infrastructure. - OceanPal plans to deploy funds for regulated industry AI services and integrate with Ethereum's ERC-8004 AI agent s
Trending news
MoreCrypto prices
More
