GMGN co-founder promises compensation for victims of MEV attacks under new security measures
Main Idea
GMGN is compensating users affected by sandwich attacks despite its new MEV-protection feature, acknowledging the system's imperfections amid a surge in MEV-powered bot attacks on Solana-based platforms.
Key Points
1. GMGN has introduced a new MEV-protection feature to safeguard users from sandwich attacks but admits the system is not flawless.
2. Users who experience sandwich attacks under GMGN’s MEV protection can apply for verification and compensation if the attack is confirmed.
3. In April 2025, Solana-based platforms faced over 260,000 sandwich attacks in 30 days, with 30.8% occurring on GMGN.
4. Other platforms like Binance and Bitget Wallet are also addressing MEV attacks, with Binance warning of account revocation for bot usage and Bitget upgrading its MEV protection.
5. MEV attacks manipulate transactions to exploit traders, spreading false market sentiments.
Description
GMGN is offering users who suffer sandwich attacks under the platform’s new MEV protection feature can receive compensation for losses. In a recent post , GMGN co-founder Haze highlighted the increase in malicious attacks on the platform due to Maximal Extractable Value-powered bots. Due to the influx, Haze said that the platform has installed a new MEV-protection feature to help its users stay safe from attacks . However, Haze also acknowledged that the system is not perfect. Therefore, the co-...
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