Solana News Today: GMGN.Ai Compensates Every Attack Victim, Strengthening Confidence in DeFi

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Solana News Today: GMGN.Ai Compensates Every Attack Victim, Strengthening Confidence in DeFi

Bitget-RWA2025/10/28 05:56

By:Bitget-RWA

- GMGN.Ai announced full reimbursement for users affected by phishing and MEV sandwich attacks, impacting 836 accounts/transactions. - The platform completed 100% compensation within 48 hours, automatically crediting funds to wallets without user action. - Founder Haze confirmed phishing threats are neutralized while investigating MEV vulnerabilities, pledging enhanced security protocols. - The response earned community praise for transparency, highlighting DeFi's growing risks and need for stronger blockc

GMGN.Ai, a prominent

memecoin

analytics and trading service, has revealed it will fully reimburse users impacted by two distinct security breaches in recent days. On October 28, the platform’s founder, Haze, reported that a phishing scheme targeting a fraudulent third-party token site had compromised around 107 user accounts. All affected users are set to receive complete restitution for any unauthorized transactions, with payments issued immediately, according to a

Lookonchain report

At the same time, GMGN.Ai responded to a larger-scale issue involving a maximal extractable value (MEV) sandwich attack, which affected 729 transactions on the

Solana

network between October 25 and 26. This exploit took advantage of weaknesses in the platform’s anti-sandwich nodes, enabling bots to reorder transactions for profit. GMGN.Ai compensated all impacted users from its own reserves within 48 hours, automatically depositing funds into user wallets, as detailed in a

Cryptopolitan article

. Haze stated that similar phishing attempts have now been completely blocked, while the MEV incident remains under investigation, according to a

MEXC announcement

Solana News Today: GMGN.Ai Compensates Every Attack Victim, Strengthening Confidence in DeFi image 0

The swift action taken by GMGN.Ai has been met with approval from the crypto community, with many users praising the platform’s openness and sense of responsibility. One X user described the reimbursement as “legendary,” while others appreciated that no action was required from those affected, as highlighted in a

Meme Insider post

. These incidents highlight the increasing dangers present in decentralized finance (DeFi), where MEV attacks—though technically allowed—can manipulate transaction order to the detriment of individual traders. Despite the breach, GMGN.Ai’s anti-MEV protections are still considered essential for platforms operating in the unpredictable memecoin sector, according to the Cryptopolitan article.

The recent attacks have also reignited discussions about the need for stronger security measures in blockchain networks. Solana, the network affected by the MEV exploit, has experienced a spike in memecoin activity, making it a frequent target for attackers. Despite the incident, CoinMarketCap data shows Solana’s price climbed 6.12% in the following 24 hours, demonstrating the market’s resilience, as noted in the MEXC announcement. Experts point out that while immediate compensation is vital, lasting trust will rely on improved network security and ongoing protocol enhancements, as also mentioned in the MEXC announcement.

GMGN.Ai’s response reflects a broader movement in DeFi, where platforms are increasingly focused on safeguarding users to maintain both liquidity and reputation. The founder has committed to further strengthening security measures after these events, indicating a more mature approach to risk management within the memecoin arena, as outlined in the Meme Insider post.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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