Solana faced one of its most delicate crises... and it did so in complete silence. #TradeWarEases
The network managed to correct, without prior public notice, two serious vulnerabilities that could have jeopardized the funds of thousands of users. While the solution prevented a catastrophe, it also sparked a strong debate about its centralization and lack of transparency.
The failures were detected in two key components: Token-2022, a new standard that seeks to improve the functionality of tokens, and ZK ElGamal Proof, a cryptographic system that allows validating balances without revealing sensitive information. Both vulnerabilities opened the door to potential mass thefts or the infinite creation of tokens.
Although patches were applied just two days after the discovery, the fact that this correction was made privately, without informing or involving the community, caused discomfort. For many, it was a centralized move that contradicts the principles of open blockchain networks.
One of the most vocal critics was The Smart Ape, a developer in the Ethereum ecosystem, who stated that this failure could have meant “the end of Solana.” Although no attack occurred, he warned about the dangerous dependence on a handful of validators. According to his data, just four actors concentrated 80% of the staking of $SOL , which would facilitate unilateral decisions.
However, figures from the Solana Beach and Solscan explorers offer a less concentrated view, with more than 1,300 active validators and percentages distributed in a more balanced manner.
In any case, the situation exposes a constant dilemma in the crypto world: is it better to act quickly in silence or with transparency even if risks are assumed? Solana emerged unscathed this time… but not without leaving open wounds in its community.