Raydium Legacy AMM V3 Program Hit by Exploit Worth $1.34 Million

Raydium, a decentralized exchange built on the Solana blockchain, recently reported an exploit affecting its legacy AMM V3 program. The breach led to approximately $1.34 million being drained from five deprecated pools.

The program was phased out in 2021, but still had funds accessible, which were exploited by an attacker. The attacker initially received funding from KuCoin and subsequently funneled 810 ETH to Tornado Cash to obscure the transaction trail.

The incident highlights the ongoing risks associated with DeFi platforms, particularly those with historical vulnerabilities. It underscores the need for robust security measures and community awareness in the crypto market.