Raydium is attacked, loses $2 million
Solana-based decentralized finance protocol Raydium has suffered an exploit, in response to an announcement from the developer. An preliminary investigation by the workforce revealed that the attacker took over the change’s proprietor account. The workforce stated that “authority” over the automated market maker and farm applications has been paused “for now.”
Twitter person and researcher ZachXBT reported that the attacker has bridged $2 million to Ethereum “up to now.”
An exploit on Raydium is being investigated that affected liquidity swimming pools. Particulars to comply with as extra is thought
⁰Initial understanding is proprietor authority was overtaken by attacker, however authority has been halted on AMM & farm applications for now
— Raydium (@RaydiumProtocol) December 16, 2022
This can be a breaking story and might be up to date as new info is available in.