On May 5th, COINOTAG reported a significant development from the Solana network, where developers have effectively addressed a serious zero-day vulnerability. Discovered on April 16, 2025, the flaw posed the risk of enabling malicious actors to mint unlimited tokens, jeopardizing user funds. This issue was tied to the essential cryptographic elements of the Token-2022 and ZK ElGamal Proof frameworks critical to Solana’s token architecture.
To remedy the situation, Solana’s core development team, alongside prominent blockchain security firms such as OtterSec and Asymmetric Research, conducted thorough investigations and swiftly created a robust patch. The update began to circulate among a select group of validators on April 17th, and within a day, adoption rates surpassed 70%, thereby ensuring the network’s security. The vulnerability’s public disclosure occurred only post-implementation by the majority, significantly mitigating potential exploitation risks.