Friday, June 14, 2024

Raydium is attacked, loses $2 million

by Jeremy

Solana DeFi protocol Raydium has suffered an exploit, in accordance with a assertion from the developer. An preliminary investigation by the workforce has revealed that the attacker has taken over the trade’s proprietor account. The workforce says that “authority” over the automated market maker and farm packages have been paused, “for now.”

A twitter person who goes by the deal with ZachXBT has reported that the attacker has bridged $2 million “to this point” to Ethereum.

It is a breaking story and will likely be up to date as new data is available in.