Raydium is attacked, loses $2M


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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.”

It is a breaking story and will likely be up to date as new info is available in.