Throughout the year, Solana [SOL] encountered a series of challenges, spanning from downtimes to the SEC’s classification of SOL as an asset. However, the woes for Solana didn’t end there; a well-known exchange on the network fell victim to exploitation in a more recent development. Following an estimated $1 million exploit, the decentralized futures exchange known as Cypher Protocol, operating on the Solana platform, took the proactive step of halting its smart contract. Notifying its 13,500 Twitter followers on August 7, Cypher revealed a security incident occurred. Thus, compelling the suspension of its smart contract.