- When performing an update, developers of Solana trading platform OptiFi accidentally enabled self-destruct. The log is now offline.
- As a result, the platform’s Total Value Locked (TVL), funds of $661,000 are permanently locked.
- These are USDC stablecoins from user accounts or open trades. However, the OptiFi team has already announced a full refund to initiate.
- The error was due to a misunderstanding of Solana’s program code.
- According to a report by the developers, one of the team members accidentally initiated the “solana program close” program command. This works like a “kill switch” on Solana, which is like a programmed self-destruction of the protocol mainnet.
- Developers had previously tried to stop an update due to major congestion on Solana. Here a second version of OptiFi was created, which one wanted to delete again with the “solana program close” command.
- The developers themselves stated that they “were not entirely clear about exactly what this meant for the protocol”.
- In addition, OptiFi recommended that those responsible behind the Solana blockchain “add a warning for the use of the program command in the documentation”.
- Many developers on Solana don’t seem to be aware of the consequences of this. OptiFi had to experience first-hand how expensive this can get.
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