GMGN co-founder promises compensation for victims of MEV attacks under new security measures

GMGN is offering users who suffer sandwich attacks under the platform’s new MEV protection feature can receive compensation for losses.

In a recent post, GMGN co-founder Haze highlighted the increase in malicious attacks on the platform due to Maximal Extractable Value-powered bots. Due to the influx, Haze said that the platform has installed a new MEV-protection feature to help its users stay safe from attacks.

However, Haze also acknowledged that the system is not perfect. Therefore, the co-founder urged users to reach out to the team if they are still suffering from attacks even with the security system in place.

Users who have encountered sandwich attacks under GMGN’s MEV protection feature can get compensated for their losses by providing their transaction hash number and apply for verification through the official channels.

“If it has been verified that MEV was enabled [during the attack] and you were sandwiched, we will compensate you,” said Haze in their post.

In April 2025, there was a flurry of MEV attacks plaguing Solana (SOL)-based trading application. According to data from AI Invest, there have been a total of more than 260,000 sandwich attacks throughout a 30-day period. Out of the hundred-thousand malicious attacks, as much as 23,600 SOL was stolen from users.

Out of the total 260,000 attacks, around 30.8% of them took place on the GMGN platform. Even though GMGN is one of the Solana-based platforms with a relatively small amount of trading volume compared to larger ones, it was still the most impacted app by attack percentage ratioed to its trading volume.

Other mainstream trading platforms, such as centralized exchanges Binance and Bitget, have been trying to tackle the problem of MEV sandwich attack through a myriad of ways. For example, Binance informed users that their accounts could get revoked if they are caught using MEV bots to cheat the Alpha Points system.

Meanwhile, Bitget Wallet recently upgraded the MEV protection on its platform to prevent unfair trading mechanisms through the use of bots. Typically, MEV bots target liquidity pools by frequently manipulating crypto asset prices, thereby spreading false market sentiments among traders.