Solana Token-2022 Permanent Delegate Rug Pull Factory
Provisional: this score is the AI investigator's judgment, not yet calculated by our published formula. Treat it as indicative. How scoring works →
anchored·4ionDe…M9nZSummary
An industrial-scale pattern of fraud on the Solana blockchain exploits the Token-2022 Permanent Delegate extension, a legitimate feature that grants a mint-level authority the unconditional ability to burn or transfer any holder's tokens without their signature. First publicly documented in September 2024 by a Jupiter Core Working Group member, the exploit has since scaled into an automated rug pull factory pattern where scammers burn victim tokens seconds after purchase. RugCheck.xyz identifies the Permanent Delegate extension as a significant risk indicator on a substantial fraction of newly launched Solana tokens.
Connected Entities
6 entities · 60 linked investigations- Jito Labs→mentioned with→Solana(80%)
- Solana Token-2022 Permanent Delegate Rug Pull Factory→mentioned with→Jupiter Exchange(70%)
- Solana Token-2022 Permanent Delegate Rug Pull Factory→mentioned with→Helius(60%)
- Solana Token-2022 Permanent Delegate Rug Pull Factory→mentioned with→Solana(80%)
- Jito Labs→mentioned with→Pump.fun / Solana Labs / Jito Labs — RICO MEV Class Action (SDNY 2026)(85%)
- Pump.fun / Solana Labs / Jito Labs — RICO MEV Class Action (SDNY 2026)→mentioned with→Jito Labs(80%)
- Solana→mentioned with→Pump.fun / Solana Labs / Jito Labs — RICO MEV Class Action (SDNY 2026)(80%)
- Solana Token-2022 Permanent Delegate Rug Pull Factory→mentioned with→Pump.fun / Solana Labs / Jito Labs — RICO MEV Class Action (SDNY 2026)(90%)
- Solana Token-2022 Permanent Delegate Rug Pull Factory→mentioned with→Jito Labs(80%)
- Helius→mentioned with→Jupiter Exchange(60%)
- + 3 more
Connected Through
5 shared actors · 364 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- □Solanaorganization
- △Jupiter Exchangeexchange
- □Pump.fun / Solana Labs / Jito Labs — RICO MEV Class Action (SDNY 2026)organization
- □Heliusorganization
1 submission awaiting moderator review.
Timeline(11 events)
2022
Solana Labs introduces the Token-2022 program with optional mint extensions, including the PermanentDelegate extension, intended for use cases such as regulatory compliance and automated payment recovery.
Solana Official DocumentationMarch 2024
SLERF meme coin developer accidentally burns 50,000 SOL (approximately $10 million) using burn authority after revoking mint authority, demonstrating the irreversible nature of token burns on Solana and raising public awareness of token-level authorities.
CoinSpeaker — Solana Scammers Are Burning Tokens from Inside User Wallets6 February 2024
Solana mainnet halts for approximately five hours due to a program execution bug, the most recent confirmed major outage prior to 2025.
Helius Dev Blog — A Complete History of Solana Outages3 September 2024
Slorg, a Jupiter Core Working Group member, publicly discloses on X that scammers are exploiting the Token-2022 Permanent Delegate extension to burn victim tokens seconds after purchase. Documents the RED token case in which a user's tokens were burned seven seconds after a confirmed swap.
CoinTelegraph via TradingView — Scammers have found a way to burn tokens from inside Solana wallets4 September 2024
Blockchain security firms Beosin and PeckShield confirm and analyze the Permanent Delegate exploit. CoinTelegraph, CoinPaper, CryptoTimes, and CoinSpeaker publish coverage. Jupiter and RugCheck.xyz add Permanent Delegate extension indicators to their interfaces.
CryptoTimes — Scammers Burn Solana Tokens Seconds After User Purchase27 February 2025
SEC Division of Corporate Finance issues statement clarifying regulatory treatment of memecoins, acknowledging the broader Solana meme coin fraud environment without directly targeting the Permanent Delegate mechanism.
Solidus Labs 2025 Rug Pull ReportMarch 2025
New York State lawmakers propose legislation to criminalize code-based fraud on blockchain platforms. SEC establishes Cyber and Emerging Technologies Unit.
Solidus Labs 2025 Rug Pull Report7 April 2025
DOJ Deputy Attorney General Todd Blanche publicly prioritizes digital asset scam prosecutions.
Solidus Labs 2025 Rug Pull ReportMay 2025
Solidus Labs publishes 2025 Rug Pull Report, finding 98.6% of Pump.fun tokens and 93% of Raydium pools exhibited rug pull or pump-and-dump characteristics across over 7 million tokens analyzed from January 2024 to March 2025.
Solidus Labs 2025 Rug Pull Report9 December 2025
U.S. District Court Judge Colleen McMahon (SDNY) grants plaintiffs permission to amend and refile a RICO class-action complaint against Pump.fun, Jito Labs, the Solana Foundation, Solana Labs, and related executives, with alleged losses of $4 to $5.5 billion.
Pump.fun and Solana: $5.5 Billion RICO Class Action — Crypto Valley Journal2026
Academic research (SolRugDetector, arXiv:2603.24625) covering January–June 2025 identifies 76,469 rug pull tokens out of 100,063 newly issued tokens (76.42%), $151 million in traceable direct losses, and 78 large-scale fraud syndicates on Solana, providing quantitative confirmation of factory-scale automated fraud operations.
SolRugDetector: Investigating Rug Pulls on Solana — arXiv:2603.24625Decision Log
- slot 426257417 · hash 3La5bCGeaGyaoXGZqNuJYMkoasxGUYxzrvzDEuFLVW8S
- slot 426257413 · hash 88mXag7LHkQg1aqxXam2ngALH4zwEGZG2tLxRAGSNCJ7
- slot 422641375 · hash 2wBDYwbosDj5u4fg4cK5EuyhuDgv2UEjU6dEC7YHK3FV
This investigation is cryptographically anchored to the Solana blockchain (3 decisions). 16 of 16 cited source URLs have an Internet Archive snapshot.
model: claude-code-investigator
generated: 5/28/2026, 3:47:50 AM
last updated: 5/28/2026, 3:47:50 AM
7 viewsavoid.net — verified advice for a post-truth world