Close Menu
    Crypto News Flash
    • News
      • Bitcoin News
      • Ripple (XRP) News
      • Success Stories
      • Shiba Inu News
      • Dogecoin News
      • Cardano News
      • VeChain News
      • IOTA News
    • Marketcap
    • Buy Crypto
      • Buy Bitcoin
      • Buy Ethereum
      • Buy XRP
      • Buy Bitcoin Cash
      • Buy Litecoin
      • See all guides
    • Wallets
      • Bitcoin Wallet
      • Ethereum Wallet
      • Dogecoin Wallet
      • Monero Wallet
      • Tron (TRX) Wallet
      • Aptos wallet
      • Hardware Wallet Review
      • See all guides
    • Coins
    • Advertise
    • Crypto News Flash is Hiring!
    Crypto News Flash
    You are at:Startseite » Solana Addresses Severe Minting Bug, Community Demands Transparency
    News

    Solana Addresses Severe Minting Bug, Community Demands Transparency

    Bena IlyasBy Bena Ilyas5. May 20250
    John Kiguru By John Kiguru 5. May 2025
    3 Mins Read
    Solana Addresses Severe Minting Bug, Community Demands Transparency
    • Solana’s silent patch of a critical bug sparked heavy criticism, raising tough questions on decentralization and secretive control.
    • Though the flaw was swiftly fixed with no reported exploits, the behind-the-scenes upgrade rattled trust in open blockchain governance.

    Solana has recently undergone serious backlash after discovering and quietly fixing a critical flaw that could have allowed attackers to mint unlimited tokens or take money from the user’s account without the user’s knowledge. The bug in the Token-2022 standard enabled the debate of trust and decentralization.

    The trouble was the result of a fault in Solana’s ZK ElGamal Proof program, which is used to prove that encrypted balances are correct. Fundamentally, the problem had the potential to deceive the system into recognizing illegal transactions as legitimate, e.g. the printing of infinite tokens or taking out from accounts without the owner’s permission.

    “This vulnerability only affects Token-22 confidential tokens and allows an attacker to perform unauthorized actions such as minting unlimited tokens or withdrawing tokens from any account,” said Solana.

    However, the company maintained that not a single incident of exploitation had taken place until the patch was put in.

    Security Fixed, But Questions Raised

    The vulnerability was handled as fast as possible and with the assistance of security research teams such as Asymmetric Research, Neodyme, and OtterSec. Solana made an update, re-examined the code in-depth. After that, the team confirmed that the bug was removed completely successfully. These proactive measures have prevented potentially disastrous exploits.

    However, despite the technical success of the fix, Solana’s method of silently releasing the patch was concerning for many. Investors and developers were wondering if a blockchain that advocates for the decentralization of validators is supposed to have those coordinators who would manage the key bugs in secret.

    Developer Fede’s intern from LambdaClass defended Solana’s actions, explaining that critics misunderstood the technical challenges involved. In addition, he indicated to incidents of this nature that could even be resolved in a similar way on Ethereum or Bitcoin. It is interesting that if we go back to 2018, Bitcoin Core developers resolved a serious inflation bug by first contacting the mining pools secretly and then informing the public.

    Transparency Concerns Ignite Solana Debate

    No matter the past occurrences, there was an increasing lack of Solana’s openness. In that regard, a well-known crypto analyst, Clouted, stated:

     Am I hearing this right? There was a zero-day on Solana mainnet and >70% of the validators privately colluded to upgrade and patch the critical bug before it was even made public.

    Another user raised similar concerns, saying that blockchain networks could be tampered with or manipulated in the absence of decentralization. Thus, these remarks reveal the contradiction between security and real decentralization governance that seems to be embedded in blockchain ecosystems.

    The controversy is now heating within the crypto community about how best to balance rapid bug resolution with transparent governance. Solana’s decisive move not only saved them from immediate financial loss but has also raised questions about the issues of power distribution within the network that may not be fully addressed.


    Recommended for you:
    • Solana Wallet Tutorial
    • Check 24-hour Solana Price
    • More Solana News
    Decentralization Sol Solana ZK ElGamal
    This article is provided for informational purposes only and is not intended as investment advice. The content does not constitute a recommendation to buy, sell, or hold any securities or financial instruments. Readers should conduct their own research and consult with financial advisors before making investment decisions. The information presented may not be current and could become outdated.
    Previous ArticleVeChain Isn’t Just a Ledger — It’s a Mirror Reflecting Global Truths
    Next Article VanEck Pushes for First US BNB ETF With Innovative Staking Mechanism
    Bena Ilyas
    • X (Twitter)
    • LinkedIn

    Bena Ilyas is a seasoned crypto writer spending over 4 years in the field. While scrolling through her favorite topics in the cryptoverse, she likes to cover the crypto market trends (with a keen eye on Bitcoin, Ethereum, hype-filled altcoins), ETF flows, regularity developments, fintech, blockchain-based games, and everything that relates to crypto or blockchain in some way. Before she dipped into cryptocurrencies in 2020, she was doing her MBA from Islamia University of Bahawalpur, but her curiosity about the fast-paced crypto industry set the stage for her journalism career soon after her MBA completion.  Apart from CNF, Bena could be spotted on NewsBTC, Bitcoinist, CoinSpeaker, BTCPolitan, and Fuchawire as her past contribution to cryptocurrencies. Besides her contribution to these renowned crypto outlets, she was admired as an expert crypto trading analyst by the IME Institute BWP. Outside of work, she enjoys reading books and cooking delicious dishes in her spare time.

    Related Posts

    The Untold Ethereum Story of Researcher Phil Daian

    TRON’s Resource Model Makes Gas Fees Almost Disappear

    Bitget Partners with MotoGP in First-Ever Crypto Sponsorship

    The Untold Ethereum Story of Researcher Phil Daian
    22. June 2025
    TRON’s Resource Model Makes Gas Fees Almost Disappear
    22. June 2025
    Bitget Partners with MotoGP in First-Ever Crypto Sponsorship
    22. June 2025
    Kraken Moves Global Headquarters to Wyoming for Better Laws
    22. June 2025
    ABOUT US AND ADDITIONAL INFO
    Crypto News FlashCrypto News Flash is your number one source for the latest news and information from the world of cryptocurrencies.

    About us
    Contact us
    Editorial Guidelines
    Terms of Use
    Legals
    Data protection policy
    Cookie Policy

    *= Affiliate-Link

    Charts
    • Bitcoin Price
    • Ethereum Price
    • XRP Price
    • Litecoin Price
    • Bitcoin Cash Price
    • EOS Price
    • Cardano Price
    • Tron Price
    • IOTA Price
    • Monero Price
    Buy Cryptocurrencies
    • Buy Bitcoin
    • Buy Ethereum
    • Buy XRP
    • Buy Litecoin
    • Buy Bitcoin Cash
    • Buy EOS
    • Buy Cardano
    • Buy Tron
    • Buy IOTA
    • Buy Monero
    Wallets
    • Bitcoin Wallet
    • Ethereum Wallet
    • XRP Wallet
    • Litecoin Wallet
    • Bitcoin Cash Wallet
    • EOS Wallet
    • Cardano Wallet
    • Tron Wallet
    • IOTA Wallet
    • Monero Wallet
    Risk warning and disclaimer: The contents of this website are intended solely for the entertainment and information of readers and do not provide investment advice or a recommendation within the context of the Securities Trading Act. The content of this website solely reflects the subjective and personal opinion of the authors. Readers are requested to form their own opinions on the contents of this website and to seek professional and independent advice before making concrete investment decisions. The information found on this site does not contain any information or messages, but is intended solely for information and personal use. None of the information shown constitutes an offer to buy or sell futures contracts, securities, options, CFDs, other derivatives or cryptocurrencies. Any opinions provided, including e-mails, live chat, SMS or other forms of communication across social media networks do not constitute a suitable basis for an investment decision. You alone bear the risk for your investment decisions.

    Type above and press Enter to search. Press Esc to cancel.