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Solana-based decentralized finance protocol Raydium has suffered an exploit, based on an announcement from the developer. An preliminary investigation by the staff revealed that the attacker took over the alternate’s proprietor account. The staff mentioned 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 “to date.”
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
Attacker accnthttps://t.co/ZnEgL1KSwz— Raydium (@RaydiumProtocol) December 16, 2022
This can be a breaking story and will likely be up to date as new data is available in.
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