The Solana-based decentralized exchange Raydium has been subjected to a 7-Figure exploit. Hackers managed to steal user funds from Raydium exchange pools in the amount of about $2 million.
Representatives of Raydium issued a statement on Twitter, which reported the hacking of the owner’s powers by attackers, in connection with which the powers were suspended in the AMM & farm programs. The Raydium exchange blocked about $45 million in trading pools and conducted transactions worth $4 million a day before the exploit. However, it is not yet clear whether these $4 million include the amount of funds stolen by the attacker.
The Raydium crypto exchange gives users the opportunity to trade with various cryptocurrencies without using an intermediary and is one of the leading platforms in the Solana ecosystem of decentralized finance. Transactions on the exchange are carried out using the order book of the decentralized exchange Serum.
This news was another unpleasant event around Solana DeFi, which in November suffered from the collapse of the FTX exchange due to close ties with the trading and investment empire of Sam Bankman-Fried.