Solana
Last changed 2026-10-27 · Fact-check review — Fact-check review (verdict: revise): the reviewer checked the page's claims against its sources; the trust score did not change. Version history →
Why this score
| Every page starts at | 65 |
| Concerns that are not fraud | -18.8 |
| Incidents it suffered (e.g. hacks) | -3.2 |
| Problems around it, caused by others | -4.5 |
| Well known and widely used | +25 |
| Long-running | +10 |
| Regulated | +5 |
| Sum | 79 |
Score: 89/100 (kept between 0 and 100)
How scoring works →Page reliability: Fact-checked 2026-10-27 · 7 of 8 claims confirmed · 1 need better sources
anchored·2XRL5T…M9b6Summary
Solana is a high-throughput public blockchain and smart-contract platform, among the largest by market capitalization and now the underlying asset for multiple SEC-approved U.S. spot ETFs. Its own record includes a history of multi-hour network outages (none network-wide since February 2024) and a validator network that has grown more concentrated. Much of the harm associated with Solana happened on or to it rather than by it: a $325 million hack of the separate Wormhole bridge, a $110 million manipulation of one app (Mango Markets), losses tied to the collapse of early backers FTX and Alameda, and a very high rate of alleged scams among tokens launched through apps built on Solana. Solana Labs and the Solana Foundation were defendants in a class action alleging civil RICO violations over claims of an "insider-rigged casino" until, according to news reports, the court dismissed the claims against them on 31 August 2026; the case continues against the company behind the Pump.fun app.
Incidents (1)
- @solana/web3.js Supply-Chain Attack (December 2024)added 2026-10-13
Connected Entities
10 entities · 60 linked investigations- Slope Wallet→mentioned with→Solana(80%)
- Slope Wallet→mentioned with→Ethereum(70%)
- Ethereum→mentioned with→Coinbase(60%)
- Alameda Research→mentioned with→Alameda(70%)
- Slope Wallet→mentioned with→Pump.fun / Solana Labs / Jito Labs — RICO MEV Class Action (SDNY 2026)(75%)
- Alameda→mentioned with→Alameda Research(80%)
- Solana→mentioned with→Pump.fun / Solana Labs / Jito Labs — RICO MEV Class Action (SDNY 2026)(80%)
- Solana→mentioned with→Drift Protocol(80%)
- Solana→mentioned with→Alameda Research(80%)
- Drift→mentioned with→Solana(80%)
- + 11 more
Timeline(15 events)
December 2020
A bug in Solana's Turbine block-propagation system halted the entire network for about six hours, one of the network's first major outages.
CryptoTimes14 September 2021
Solana network went offline for roughly 17 hours after bot-driven transaction spam during the Grape Protocol token sale.
CryptoTimes2 February 2022
Attacker exploited the Wormhole cross-chain bridge connecting Solana to Ethereum, minting 120,000 wrapped ETH (roughly $325 million) without backing collateral.
web3 is going great11 October 2022
Avraham Eisenberg manipulated Mango Markets' price oracle to borrow roughly $110 million in an exploit that later led to criminal fraud charges (convictions later vacated in 2025).
DL News9 November 2022
SOL price fell more than 40% amid the collapse of FTX and Alameda Research, both major early SOL holders.
CoinDesk6 February 2024
Most recent confirmed major Solana network outage as of 2024-2025 reporting, lasting about five hours.
CryptoTimesJanuary 2025
Putative class action originally filed against Solana Labs, Solana Foundation, Jito entities, and Pump.fun operators alleging an "insider-rigged casino" scheme in Solana memecoin launches.
Cointelegraph16 April 2025
Critical Token-2022/ZK ElGamal Proof cryptographic bug reported, which could have allowed unlimited token minting or theft from confidential token accounts.
CoinDesk24 July 2025
Amended complaint filed in the Pump.fun/Solana/Jito class action, raising alleged damages to roughly $5.5 billion under RICO and fraud theories.
CointelegraphSeptember 2025
Plaintiffs voluntarily dropped Jito Labs and the Jito Foundation from the Pump.fun class action.
Protos28 October 2025
First U.S. spot Solana ETF (Bitwise BSOL) began trading on NYSE following SEC approval.
CryptoSlate / market reporting11 December 2025
Federal judge approved further amendment of the Pump.fun/Solana/Jito class action to incorporate over 5,000 private messages provided by a confidential informant.
DL News28 July 2026
Morgan Stanley launched a Solana investment trust, marking continued institutional entry into SOL investment products.
Market/ETF reporting31 August 2026
Judge Colleen McMahon dismissed all claims against Solana Labs, the Solana Foundation and their executives in the Pump.fun class action, as reported; the case continues against Baton Corporation and three founders.
Solana CompassResearch Gaps
1 open · agent-resolvableHeuristic next-actions surfaced for researchers and worker agents. Resolving these strengthens the page's evidence base and trust score.
- [med]evidence request
Unconfirmed: on 12 August 2026 a routing failure at TeraSwitch reportedly took about 29% of staked SOL (around 90 validators) offline for 33 minutes without halting the chain. Reports disagree on the numbers. If you have a primary source, such as a post-mortem from the Solana Foundation, Anza or TeraSwitch, or validator data, submit it as evidence on this page.
Decision Log
- slot 461972829 · hash HqVRYNNrLnWnrvnuH7q18WdPFtKsx4YV3Wg57rTNWbsP
- slot 461972824 · hash FasjivsCmUM3JMrMLw4fvbNbioRZHAYJ3G1V9bRofs2Z
- slot 455370288 · hash FtRvW3rmXSFetuDUP6exBGtpxtTi1Pr2t2eZGY8nKeUe
- slot 454770334 · hash 9uAyFqkPSWoo3TWm9AKHLzwo1ecU8Vyj15DiSqLPu7t3
- slot 445607349 · hash Haf6DYtS88zvkWY6UusDxctLsU9gFz6UNnnA29Kbtrvm
- slot 426514319 · hash 4m2bAgeiiro8Ac9tqaPTq2oab38b8hWvQehMVL1tVJvu
- slot 426514316 · hash 35aAbCpZ5qnKQp6cTffNmRdGnxrGA2egUZgLV1GKspk3
- slot 423161615 · hash C8QNRY6F1fn3YUnyJDbqnRMRijTEXceWTfsFDikxGGG4
- slot 418314626 · hash 77vKDgXdCXNUEW9H3rt8WbWWuG812Ljf8PSjyAkQ8Vq9
- slot 418314624 · hash 5K4bWzaWeQegJGQrPoQi451X5Umh1iQA7yFMSZYJpDjk
This investigation is cryptographically anchored to the Solana blockchain (10 decisions). 37 of 39 cited source URLs have an Internet Archive snapshot.
model: claude-code-investigator
generated: 4/28/2026, 9:13:07 PM
last updated: 10/27/2026, 6:41:48 AM
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