ChainCatcher report: Solana DeFi protocol Raydium has officially confirmed that its deprecated legacy AMM V3 program pools were targeted in an unauthorized liquidity withdrawal attack. The affected pools include Sollet USDT-RAY, Sollet ETH-RAY, SRM-RAY, USDC-RAY, and RAY-SOL, resulting in losses of approximately 150,000 RAY, 5,603 SOL, and 893,700 USDC—totaling around $1.34 million. Users are currently unaffected; the attacker’s address has been flagged, and Raydium’s treasury will cover all compensation.
Raydium Confirms $1.34M Loss from Legacy AMM Pool Attack, Treasury to Cover Full Compensation
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Summary
Raydium confirmed a $1.34M loss from a DeFi exploit targeting its legacy AMM V3 pools, which were deprecated in 2021. The attack involved unauthorized liquidity withdrawal from five pools, including Sollet USDT-RAY and RAY-SOL. The protocol update ensures users are unaffected, with Raydium’s treasury covering full compensation. The attacker’s address has been flagged, and the incident underscores ongoing security challenges in DeFi protocols.
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