Raydium DEX Exploited for $1.34 Million in Attack on Deprecated Solana Liquidity Pools
By
Logan Hitchcock
Summary
Solana-based decentralized exchange Raydium suffered a $1.34 million exploit targeting five deprecated liquidity pools, resulting in the loss of SOL, USDC, and RAY tokens. The exploit affected legacy automated market maker programs that were no longer active through the user interface. Raydium has stated that no current users were impacted and that the exchange will repay the stolen funds using its treasury.
Source
bskyRaydium DEX Exploited for $1.34 Million in Attack on Deprecated Solana Liquidity Poolsdecrypt.coKey quotes
· 2 pulledNo current users of Raydium are affected by this exploit or would have been able to interact with these pools through the UI since their deprecation
Five deprecated liquidity pools from Solana-based decentralized exchange Raydium were exploited on Wednesday, leading to more than $1.34 million in stolen funds
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