Crypto
Raydium is attacked, loses $2 million
Solana DeFi protocol Raydium has suffered an exploit, in keeping with a statement from the developer. An preliminary investigation by the workforce has revealed that the attacker has taken over the alternate’s proprietor account. The workforce says that “authority” over the automated market maker and farm applications have been paused, “for now.”
A twitter consumer who goes by the deal with ZachXBT has reported that the attacker has bridged $2 million “to this point” to Ethereum.
An exploit on Raydium is being investigated that affected liquidity swimming pools. Particulars to observe as extra is thought
⁰Initial understanding is proprietor authority was overtaken by attacker, however authority has been halted on AMM & farm applications for now
Attacker accnthttps://t.co/ZnEgL1KSwz— Raydium (@RaydiumProtocol) December 16, 2022
This can be a breaking story and will probably be up to date as new data is available in.