Raydium Confirms Exploit of Retired AMM V3 Program, $1.34M in Crypto Drained

Raydium said an exploit targeted its legacy AMM V3 program that was taken out of service in 2021, leading to the unauthorized withdrawal of about 150,177 RAY, 5,603 SOL and 893,700 USDC. The firm estimated the impacted assets at roughly $1.34 million and stated that affected users will be made whole using Raydium's treasury.