Key facts
- Raydium, a Solana-based decentralized exchange, experienced an exploit on its legacy AMM V3 program.
- The exploit resulted in the loss of approximately $1.34 million in assets.
- Affected liquidity pools included RAY-SOL, USDC-RAY, and SRM-RAY pairs.
- Raydium has committed to covering all losses from its treasury.
- The protocol emphasized that current users and its mainnet programs remain unaffected.
Solana-based decentralized exchange Raydium announced on Wednesday that an exploit targeting its legacy AMM V3 program resulted in the loss of approximately $1.34 million in assets. The attacker drained assets from inactive liquidity pools, including RAY-SOL, USDC-RAY, and SRM-RAY pairs, with early estimates indicating around 150,000 RAY, 5,600 SOL, and nearly 900,000 USDC were taken.
Raydium assured that all losses would be compensated by its treasury. The protocol clarified that the exploit affected an automated market maker program phased out in 2021 and no longer accessible through Raydium's interface. Consequently, current users were not impacted, and the DEX's SDK and DAPP do not support interactions with these legacy pools.