The Solana-based decentralized exchange, Raydium, suffered an exploit in its legacy AMM V3 program this Wednesday, resulting in the theft of approximately $1.34 million in digital assets. Protocol developers reported that the hacker bypassed ratio controls due to insufficient validation in the old contracts, draining funds from inactive liquidity pools that included pairs such as RAY-SOL, USDC-RAY, and SRM-RAY.
Raydium is aware of an exploit involving unauthorized removal of liquidity from its legacy AMM V3 program which was previously phased out in 2021.
No current users of Raydium are affected by this exploit or would have been able to interact with these pools through the UI since…
— Infra | Raydium (@0xINFRA) June 10, 2026
Current users were not affected by this incident, as the vulnerable code corresponds to a version discontinued in 2021 and removed from the official interface. Despite the fund leakage, the native token RAY showed remarkable resilience in the market, registering an increase of over 2% in recent hours, while the project’s treasury confirmed it will assume full compensation for the losses.
As a next step to ensure maximum protection of the platform, Raydium’s technical team has initiated an exhaustive and independent security review of all its active smart contracts on the mainnet.
Source: https://x.com/0xINFRA/status/2064738005697384476
Disclaimer: Crypto Economy Flash News is compiled from official and public sources verified by our editorial team. Its purpose is to promptly inform about relevant events in the crypto and blockchain ecosystem. This information does not constitute financial advice or investment recommendations. We always recommend verifying the official channels of each project before making related decisions.
