⚠️ Raydium suffers a $1.34 million exploit in its legacy AMM program; treasury will cover losses Raydium confirmed an exploit in its legacy AMM V3 program, resulting in the theft of approximately $1.34 million in assets. The attack targeted inactive liquidity pools and was enabled by insufficient validation in legacy contracts, allowing the attacker to bypass ratio controls. Incident Details The hack affected only retired and inactive liquidity pools, including RAY-SOL, USDC-RAY, and SRM-RAY. According to the Raydium team, the vulnerable code belonged to a discontinued version of the protocol that had not been in use since 2021 and had already been removed from the official interface. Developers emphasized that active platform users were unaffected, as the exploit was limited to legacy contracts no longer part of Raydium’s active ecosystem. Market Reaction and Team Response Despite the incident, the native token RAY demonstrated resilience, rising over 2% in the hours following the announcement. The project treasury confirmed it will cover the full cost of losses to compensate affected parties. As a preventive measure, the Raydium team has initiated a comprehensive and independent security audit of all active smart contracts deployed on the Solana mainnet. The incident underscores the risks associated with legacy contracts that remain deployed on the blockchain even after they are no longer actively used. Summary Raydium suffered a $1.34 million exploit in its legacy AMM V3 program, affecting only inactive liquidity pools from a protocol version discontinued since 2021. Active users were not impacted. The project treasury will cover all losses, and the team has launched a full security audit of its active smart contracts. Despite the incident, the RAY token remained stable and rose over 2% following the announcement. Important Notice This information is based on Raydium’s official announcement and on-chain reports published on June 11, 2026. It does not constitute investment advice. Always conduct your own research before making any financial decisions.