Solana Based DeFi Exchange Raydium Investigated An Exploit

Solana Based DeFi Exchange Raydium Investigated An Exploit

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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