Solana is making a major move to patch a vulnerability that caused $270 million in losses.
Durable nonces, a feature that allows pre-signed transactions to remain valid indefinitely, have officially been proposed for deprecation. Hackers exploited them in the April Drift incident, draining hundreds of millions of dollars.
This is an important security measure, but it won’t take effect on mainnet $SOL until before May 2027. That gives institutions plenty of time to migrate.
They’ll be replaced by “programmatic signers,” but this introduces a new risk: authorizations may remain valid even if a transaction fails. One vulnerability patched, another lurking.
$270 million vanished because of a feature that seemed harmless. Will the new solution really be safe, or is it $SOL just shifting the risk?
#Solana #DeFi
$SOL
Durable nonces, a feature that allows pre-signed transactions to remain valid indefinitely, have officially been proposed for deprecation. Hackers exploited them in the April Drift incident, draining hundreds of millions of dollars.
This is an important security measure, but it won’t take effect on mainnet $SOL until before May 2027. That gives institutions plenty of time to migrate.
They’ll be replaced by “programmatic signers,” but this introduces a new risk: authorizations may remain valid even if a transaction fails. One vulnerability patched, another lurking.
$270 million vanished because of a feature that seemed harmless. Will the new solution really be safe, or is it $SOL just shifting the risk?
#Solana #DeFi
$SOL