Raydium Confirms Legacy AMM Pool Attacked, Losing $1.34 Million, Official Treasury Fully Compensates

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BlockBeats News, June 11th, the Solana DeFi protocol Raydium officially confirmed that its 2021 deprecated legacy AMM V3 pools were subject to an unauthorized liquidity removal attack, involving five pools: Sollet USDT-RAY, Sollet ETH-RAY, SRM-RAY, USDC-RAY, and RAY-SOL. The attack resulted in a loss of approximately 150,000 RAY, 5,603 SOL, and 893,700 USDC, totaling around $1.34 million. Current users are unaffected, the attacker's address has been blacklisted, and Raydium's treasury will cover full compensation.

Source: BlockBeats

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