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Raydium Commits to Cover Losses as Hacker Drains $1.3M From Legacy Pools

Summary by Cryptopolitan
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. The attack targeted code that the Solana-based decentralized exchange phased out five years ago.  According to Infra, a Raydium team member, no current users wer…
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Only one day after the cryptocurrency market offered some calmness, the Raydium protocol in Solana suffered an exploit that drained $1.3 million of five pools of liquidity.The good news: the active funds of users have not been affected and the project treasure will cover the losses in full, as confirmed by his team.A silent attack on forgotten code The incident, detected by the security firm PeckShield and the researcher on-chain Specter, focuse…

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Security in DeFi increasingly depends on managing legacy code, not just the asset itself. The article "Raydium loses $1.3 million in Solana due to a flaw in legacy pools" was first published on CriptoNoticias - Bitcoin, Ethereum, and cryptocurrency news.

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BITRSS broke the news on Wednesday, June 10, 2026.
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