On Dec. 16, 2022 Raydium (RAY), the Solana (SOL) based DeFi Exchange (DEX) investigated that the exploit had affected liquidity pools. As a hacker exploited RAY for more than $4.3 Million in crypto.
An exploit on Raydium is being investigated that affected liquidity pools. Details to follow as more is known
⁰Initial understanding is owner authority was overtaken by attacker, but authority has been halted on AMM & farm programs for nowAttacker accnthttps://t.co/ZnEgL1KSwz
— Raydium (@RaydiumProtocol) December 16, 2022
In its initial Post-Mortem, the next day, Raydium said it was working with third-party auditors and teams across the smart contract platform, Solana to gather additional information about the hack. Additionally, they have put a patch in place to prevent further exploits from the attacker.
1/ Initial Post-Mortem: Raydium is working w 3rd-party auditors and teams across Solana to gather additional info. As of now, a patch is in place preventing further exploits fr
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