• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Raydium was exploited at an estimated reduction of $two.two million

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Tonight (December sixteen), numerous tasks that pool liquidity on Raydium are continuously urging consumers to withdraw LPs. According to preliminary facts, the pooling technique on this DEX has encountered a vulnerability that triggers a massive sum of assets to be misplaced.

Raydium was exploited at an estimated loss of $2.2 million
Raydium was exploited at an estimated reduction of $two.two million

According to facts shared on the social network Twitter, an electronic wallet swiftly withdrew cash from Raydium’s liquidity pool inside of minutes.

Related articles

Hong Kong cryptocurrency exchange Hounax scammed users out of $15.4 million

Hong Kong cryptocurrency exchange Hounax scammed consumers out of $15.four million

November 27, 2023
Binance Labs invests $3.15 million in Open Campus, EDU builds columns

Binance Labs invests $three.15 million in Open Campus, EDU builds columns

November 27, 2023

It seems that an account at Solana is draining numerous pools of income at Raydium.

The account has acquired 1000’s of SOLs in the final couple of minutes.

We advocate withdrawing any liquidity to Raydium until eventually even more observe. https://t.co/gcEePNQw4y pic.twitter.com/FaX4wfhsOP

— Arkham | Cryptocurrencies (@ArkhamIntel) December 16, 2022

Specifically, the wallet of the aforementioned attacker made use of the administrator’s signature, creating withdrawals devoid of obtaining to deposit or cancel the LP Token.

🚨🚨🚨🚨🚨
There seems to be a wallet that is draining LP pools from Raydium liquidity pools applying the admin wallet as a signatory devoid of obtaining/burning LP tokens.

Excellent Protocol supplied PRISM/USDC liquidity from Raydium

WITHDRAW YOUR PRISM/USDC LIQUIDITY FROM RAYDIUM

— PRISM (@prisma_ag) December 16, 2022

Raydium also acknowledged the vulnerability, but the precise bring about has not been confirmed. Preliminary assessments are even now ongoing as to irrespective of whether the admin vital will be exposed.

An exploit on Raydium affecting liquidity pools is staying evaluated. Details to comply with as you know additional

⁰The preliminary concept is that the owner’s authority has been overtaken by the attacker, but for now the authority has been broken on the AMM and farm plans
Attacker’s accounthttps://t.co/ZnEgL1KSwz

—Raydium (@RaydiumProtocol) December 16, 2022

“A Raydium exploit has occurred and we are investigating the impacted liquidity pools. The specifics have nevertheless to be established. Initial speculation revolved close to that manage of the vital had been stolen by the attacker. This manage has been suspended on AMM and the liquidity farming plan has also been suspended for the time staying.

At the time of creating, the over hacker’s account has a stability of around $two.two million, of which $one.eight billion is in the kind of SOLs.

The hacker's account has been marked on the scanner tracker
The hacker’s account has been marked on the scanner tracker

This facts is as soon as yet again a shock to the Solana ecosystem. After the collapse of FTX and Alameda, the liquidity of this ecosystem dried up, along with the “surrender” moves of Serum, Solana’s basic liquidity pool.

Previously, Solana was not quite well-known with consumers when it abruptly “turned off” for fairly a lengthy time.

Synthetic currency68

Maybe you are interested:

Maybe you are interested:

Tags: estimatedexploitedLossmillionRaydium
Share76Tweet47

Related Posts

ECB Cuts Interest Rates; Bitcoin Prices Surge

by shark
June 6, 2025
0

The European Central Bank's decision to reduce interest rates to 2% on June 5, 2025, positively impacts cryptocurrency markets, causing...

UK Gold Miner Bluebird Ventures Embraces Bitcoin Treasury Strategy

by shark
June 6, 2025
0

Bluebird Mining Ventures shifts from gold revenue to Bitcoin treasury, impacting market dynamics.

Trump Advisor Meets El Salvador President Over Bitcoin Strategy

by shark
June 6, 2025
0

Trump's advisor Bo Hines meets El Salvador's Nayib Bukele to discuss Bitcoin policy impacts.

Bitcoin’s Quiet 2025 Could Signal Major Crypto Shift

by shark
June 6, 2025
0

Bitcoin experiences calm trading in 2025, analysts foresee pivotal crypto changes ahead.

California Assembly Advances Bill on Dormant Crypto Assets

by shark
June 5, 2025
0

California's State Assembly approves AB-1052, designating long-inactive crypto assets as unclaimed property.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Qubetics Gains Traction as HYPE and Tron Respond to Market Shifts: The Next Best Crypto to Buy in 2025
  • ECB Cuts Interest Rates; Bitcoin Prices Surge
  • BlockDAG Hits $287M, AVAX Eyes $300 & BCH Climbs,
  • HYPE Holds Support, PEPE Sentiment Surges; Unstaked Eyes $1 Milestone!
  • BlockDAG, SHIB, Stellar, and TRON: June’s Top Bullish Crypto Picks
  • UK Gold Miner Bluebird Ventures Embraces Bitcoin Treasury Strategy
  • Trump Advisor Meets El Salvador President Over Bitcoin Strategy
  • Qubetics, Solana, Stellar: Massive Updates and $900M Moves Set Stage for Next Bull Run Crypto
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7