How did an attacker take advantage of a program that Raydium had abandoned years before?
On June 10, Raydium, a Solana-based decentralized exchange, disclosed that malicious actors successfully exploited outdated infrastructure components, siphoning approximately $1.34 million worth of cryptocurrency.
A hacker has exploited a vulnerability in Raydium's legacy AMM V3 program, draining approximately $1.34 million from five liquidity pools that had been deprecated since 2021. The Raydium team confirmed it was aware of the unauthorized liquidity removal and committed to covering losses.
Raydium has pledged to fully reimburse losses after an exploit drained approximately $1.3 million from five legacy liquidity pools built on Solana.