Solana-based decentralized finance protocol Raydium has suffered an exploit, in response to a press release from the developer. An preliminary investigation by the crew revealed that the attacker took over the trade’s proprietor account. The crew stated that “authority” over the automated market maker and farm packages has been paused “for now.”
Twitter person and researcher ZachXBT reported that the attacker has bridged $2 million to Ethereum “to this point.”
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 packages for now
— Raydium (@RaydiumProtocol) December 16, 2022
It is a breaking story and will likely be up to date as new info is available in.