Solana devs fix bug that allowed unlimited minting of certain tokens
By: the crypto news wire|2025/05/05 12:00:13
0
Share
The Solana Foundation has confirmed that a zero-day vulnerability that allowed an attacker to potentially mint certain tokens and even withdraw those tokens from user accounts has been fixed. A May 3 post-mortem from the Solana Foundation said that the security vulnerability, first discovered on April 16, could have allowed an attacker to forge an invalid proof affecting Solana’s privacy-enabling “Token-22 confidential tokens.” There is no known exploit of the vulnerability, and Solana validators have since adopted the patched version, the foundation said. Solana zero-day security bug affected Token-22 confidential tokens The Solana Foundation said the security vulnerability concerned two programs: Token-2022 and ZK ElGamal Proof. Token-2022 handles the main application logic for token mints and accounts, while ZK ElGamal Proof verifies the correctness of zero-knowledge proofs to show accurate account balances. The foundation said certain algebraic components were omitted from the hash in the Fiat-Shamir Transformation’s transcript generation, which specifies how provers create public randomness using a cryptographic hash function. The flaw could have enabled an attacker to exploit the unhashed components by crafting a forged proof that passes verification to mint and steal Token-22 confidential tokens. Token-22 confidential tokens, or “Extension Tokens,” leverage zero-knowledge proofs for private transfers and aim to enable advanced token functionality. The vulnerability was first identified on April 16, and two patches were deployed to resolve the issues. A super majority of Solana validators adopted the patches around two days later. Solana development firms Anza, Firedancer and Jito were the main parties behind the security patch, while Asymmetric Research, Neodyme and OtterSec also assisted. The foundation confirmed that all funds remain safe. Related: Bloomberg Intelligence boosts Solana ETF approval odds to 90% Despite the fix, the Solana Foundation’s private handling of the issue with Solana validators raised centralization concerns from some in the crypto community. This included a Curve Finance contributor who raised concerns about the foundation’s close relationship with Solana validators. “Why does someone have a list of all validators and their contact details? What else are they talking about in those comms channels,” they asked, fearing that they could collude to potentially censor transactions or roll back the chain. Solana Labs CEO Anatoly Yakovenko didn’t directly deny the claims but said members of the Ethereum community could also coordinate to resolve a similar security bug. Source: Clouted More than 70% of Ethereum network validators are also controlled by crypto exchanges or staking operators such as Lido, Yakovenko said in arguing his point. “It’s the same people to get to 70% on ethereum. All the lido validators (chorus one, p2p, etc..) binance, coinbase, and kraken. If geth needs to push a patch, I’ll be happy to coordinate for them.” In August, the Solana Foundation and network validators resolved another critical vulnerability behind the scenes. At the time, the foundation’s executive director, Dan Albert, said the ability to coordinate a patch doesn’t mean that Solana is centralized. Ethereum wouldn’t fall for the same issue, community member says Ethereum community member Ryan Berckmans slammed claims that Ethereum is subject to the same centralization issues as Solana, pointing out that Ethereum has sufficient client diversity. The most popular Ethereum client, geth, has at most 41% market share on Ethereum, Berckmans said, while noting that Solana has just one production-ready client, Agave. “This means zero day bugs in the single Sol client are de facto protocol bugs. Change the single client program, change the protocol itself. The client is the protocol.” Meanwhile, Solana is looking to roll out a new client, Firedancer, in the next few months, which is expected to improve the network’s resilience and uptime. However, Berckmans said that Solana would need three clients to be sufficiently decentralized at the client level. Source: Ryan Berckmans Magazine: Memecoins are ded — But Solana ‘100x better’ despite revenue plunge
You may also like

Interpreting the Anthropic vs. War Department Conflict: What Does Trump Intend to Do?
In the coming decades, our freedom may be more fragile than we think

Nasdaq Moves In, Predicts Market Has Reached Mainstream Inflection Point
Predictive trading is no longer just an experiment in the crypto space or a niche market but is starting to be integrated into the product suite of traditional trading platforms.

After a 48-hour ban, Claude reached the top of the App Store
Just the day before, ChatGPT was sitting right there

If this is the beginning of the triple halving, what are top investors saying about what to expect?
Hormuz Strait Blockade, Capital War, Oil and Bitcoin

After Iran's Political Risk Rises, Cryptocurrency Sees Massive Outflow
Following the airstrike, within minutes, Iran's largest cryptocurrency exchange, Nobitex, saw a 700% surge in cryptocurrency outflows.

Pantera Capital Partner: The Financial Trajectory of AI Agents
AI agents will move towards fully autonomous commerce, and blockchain is the only digital-native financial track that meets its needs for identity, micropayments, and trustless execution.

In the next 5 years, Vitalik will scale Ethereum like this
Short-Term vs Long-Term, Execution, Data vs State

Sam Altman and the End of the World Capitalism
The real danger is never AI itself, but those who believe they have the right to define the human destiny.

Wall Street Rings Inflation Alarm Bells Amid Iran Tensions, What Does It Mean for Cryptocurrency?
Interest rates have remained stubbornly high, posing a challenge to the cryptocurrency bull case.

Qwen Open Source Model Enters Mobile, Nasdaq Tests Water Prediction Market, What's the Overseas Crypto Community Talking About Today?
What Was the Hottest Topic Among Expats in the Last 24 Hours?

MegaETH Co-founder: 48 Hours After Escaping Dubai, I Reassess the Entire Crypto Scene
The global environment is not favorable to us, but in the long run, it may be favorable to us.

Morning Report | Strategy increased its holdings by 3,015 bitcoins last week; BitMine increased its holdings by 50,928 ETH last week; Vitalik elaborated on the Ethereum execution layer roadmap
March 2 Market Key Events Overview

Why is it said that there are structural opportunities in encrypted AI?
When centralized AI falls into the dilemma of regulation and trust, Crypto + AI will become a structural escape route for safeguarding data and sovereignty in a multipolar world.

Make Probability an Asset: A Forward-Looking Perspective on Predictive Market Agents
The predictive market agents are expected to present early prototypes in early 2026, likely becoming an emerging product form in the field of agents in the following year.

Consumer application issues
The truly outstanding applications will not ask people to "use cryptocurrency," but will provide practical and better solutions to the problems that people already face.

Arthur Hayes: The flames of war in the Middle East rise, Bitcoin is bullish
War is often accompanied by monetary easing, which may also become an important backdrop for driving up risk assets like Bitcoin.

Legendary investor Naval: In the AI era, traditional software engineers have no value?
You can always find a perfect niche that fits you and become a leader in that field.

More absurd than knowing about the war in advance is knowing in advance about the assassination of Soleimani
The temptation of a million dollars cannot be stopped by the calamity of prison.
Interpreting the Anthropic vs. War Department Conflict: What Does Trump Intend to Do?
In the coming decades, our freedom may be more fragile than we think
Nasdaq Moves In, Predicts Market Has Reached Mainstream Inflection Point
Predictive trading is no longer just an experiment in the crypto space or a niche market but is starting to be integrated into the product suite of traditional trading platforms.
After a 48-hour ban, Claude reached the top of the App Store
Just the day before, ChatGPT was sitting right there
If this is the beginning of the triple halving, what are top investors saying about what to expect?
Hormuz Strait Blockade, Capital War, Oil and Bitcoin
After Iran's Political Risk Rises, Cryptocurrency Sees Massive Outflow
Following the airstrike, within minutes, Iran's largest cryptocurrency exchange, Nobitex, saw a 700% surge in cryptocurrency outflows.
Pantera Capital Partner: The Financial Trajectory of AI Agents
AI agents will move towards fully autonomous commerce, and blockchain is the only digital-native financial track that meets its needs for identity, micropayments, and trustless execution.