Raydium Exploit: $1.3M Drained From Old Solana Pools, Treasury Covers Losses
Raydium just got hit for $1.3 million, but it's old code that took the hit. The treasury is footing the bill, and active users are safe. Still, it’s a stark reminder of the risks lurking in legacy DeFi infrastructure.
Raydium just got rocked for $1.3 million. The exploit targeted five old, retired liquidity pools on Solana. Think of it as a ghost from the past coming back to bite. The attacker faked mint validation to pull out RAY, SOL, and USDC from these dormant AMM V3 pools.