SlowMist Updates Solana Smart Contract Security Guide, Highlights Best Practices Amid Rising Blockchain Risks

Blockchain security firm SlowMist has released an updated ’Solana Smart Contract Security Best Practices’ guide, building on its previous work to address the growing risks around Solana smart contracts. The comprehensive update, backed by SlowMist’s broad auditing experience, targets developers, auditors, and security professionals in the Solana ecosystem. It covers critical vulnerabilities, exploitation techniques, and remediation strategies. The guide highlights best practices such as proper use of modifiers, secure value transfer, handling of integers, robust transaction handling, and mitigation of replay attacks. New recommendations underscore the need for continuous auditing, adequate security budgets, and executive accountability. The guidance has become even more relevant as blockchain security incidents exceed 1,875 globally, with over $35.8 billion in losses and 305 incidents linked directly to smart contracts. The document is open-source and available for ongoing community contribution on GitHub. SlowMist has also introduced new fraud detection tools like Badwhale to further enhance security. As the Solana ecosystem grows, adherence to these guidelines could improve market stability and boost investor confidence, making it essential reading for traders and project teams focused on maintaining secure and reliable smart contracts.