Solana-based DEX Raydium exploited for $2.2M, RAY token drops 10%

[ad_1] <div id=""><div class="code-block code-block-2" style="margin: 8px 0; clear: both;"> <a target="_blank" rel="nofollow noopener" href="https://link.cryptoslate.com/haru_fe2991" class="placement"> <noscript><img width="600" height="600" style="max-width: 300px" src="https://cryptoslate.com/wp-content/uploads/2022/12/haru-trust-02.jpg" alt="Haru Invest"/></noscript><img class="lazyload" width="600" height="600" style="max-width: 300px" src="https://cryptoslate.com/wp-content/uploads/2022/12/haru-trust-02.jpg" alt="Haru Invest"/> </a></div>Solana-based decentralized alternate Raydium has been exploited for $2.2 million. The attacker overtook the proprietor’s authority on the platform, in keeping with the agency’s preliminary understanding.<blockquote class="twitter-tweet" data-width="500" data-dnt="true">An exploit on Raydium is being investigated that affected liquidity swimming pools. Particulars to observe as extra is understood⁰Initial understanding is proprietor authority was overtaken by attacker, however authority has been halted on AMM & farm applications for now Attacker accnt<a target="_blank" href="https://t.co/ZnEgL1KSwz" rel="noopener">https://t.co/ZnEgL1KSwz</a>— Raydium (@RaydiumProtocol) <a target="_blank" href="https://twitter.com/RaydiumProtocol/status/1603762271028748289?ref_src=twsrc%5Etfw" rel="noopener">December 16, 2022</a></blockquote>Over $2.2M has been withdrawn from Raydium liquidity swimming pools, together with $1.6M in SOL, in keeping with the findings from the crypto analytics agency Nansen.<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The pockets draining LP Swimming pools from Raydium liquidity swimming pools has obtained over $2.2M now, together with $1.6M <a target="_blank" href="https://twitter.com/search?q=%24SOL&src=ctag&ref_src=twsrc%5Etfw" rel="noopener">$SOL</a>Monitor right here: <a target="_blank" href="https://t.co/IQedsOstPE" rel="noopener">https://t.co/IQedsOstPE</a> <a target="_blank" href="https://t.co/OAQJgaq5Mc" rel="noopener">pic.twitter.com/OAQJgaq5Mc</a>— Nansen Portfolio (@nansenportfolio) <a target="_blank" href="https://twitter.com/nansenportfolio/status/1603762024667746305?ref_src=twsrc%5Etfw" rel="noopener">December 16, 2022</a></blockquote>In response to the exploit, companies based mostly in Solana, similar to Compendium and Prism, are withdrawing their belongings and advising their customers to do the identical. <blockquote class="twitter-tweet" data-width="500" data-dnt="true">The Compendium Basis is quickly withdrawing <a target="_blank" href="https://twitter.com/search?q=%24CMFI&src=ctag&ref_src=twsrc%5Etfw" rel="noopener">$CMFI</a> / <a target="_blank" href="https://twitter.com/search?q=%24USDC&src=ctag&ref_src=twsrc%5Etfw" rel="noopener">$USDC</a> / <a target="_blank" href="https://twitter.com/search?q=%24SOL&src=ctag&ref_src=twsrc%5Etfw" rel="noopener">$SOL</a> liquidity from Raydium in response to the latest exploit.It looks as if the attacker gained entry to keys used to gather charges from LP swimming pools and authority has since been halted.1/2— Compendium (@CompendiumFi) <a target="_blank" href="https://twitter.com/CompendiumFi/status/1603774145258479617?ref_src=twsrc%5Etfw" rel="noopener">December 16, 2022</a></blockquote><blockquote class="twitter-tweet" data-width="500" data-dnt="true">🚨🚨🚨🚨🚨 There appears to be a pockets is draining LP Swimming pools from Raydium liquidity swimming pools utilizing admin pockets as a signer with out having/burning LP tokens.We withdrew protocol supplied PRISM/USDC liquidity from RaydiumWITHDRAW YOUR PRISM/USDC LIQUIDITY FROM RAYDIUM— PRISM (@prism_ag) <a target="_blank" href="https://twitter.com/prism_ag/status/1603752282083950592?ref_src=twsrc%5Etfw" rel="noopener">December 16, 2022</a></blockquote>Some customers are accusing the protocol of not having a multisignature within the midst of the assault. <blockquote class="twitter-tweet" data-width="500" data-dnt="true">so there was no multisig? Sorry for the losses. Nevertheless it looks as if you introduced it upon your self and had been simply ready for this to occur.— sol poor and bored (@DeChDAO) <a target="_blank" href="https://twitter.com/DeChDAO/status/1603764440482070529?ref_src=twsrc%5Etfw" rel="noopener">December 16, 2022</a></blockquote>Additional, some customers have additionally change into skeptical about the complete Solana ecosystem following the assault. <blockquote class="twitter-tweet" data-width="500" data-dnt="true">Simply once we suppose <a target="_blank" href="https://twitter.com/hashtag/Solana?src=hash&ref_src=twsrc%5Etfw" rel="noopener">#Solana</a> cannot worsen, it finds a approach to shock us!— Helin ULKER (@beautyofhelin) <a target="_blank" href="https://twitter.com/beautyofhelin/status/1603772647866875905?ref_src=twsrc%5Etfw" rel="noopener">December 16, 2022</a></blockquote>Because of its intensive ties to the funding empire of Sam Bankman-Fried, the Solana DeFi ecosystem was hit significantly onerous by the collapse of FTX.<section class="widget"><header class="widget-title"><h3><a target="_blank" href="https://cryptoslate.com/market-reports/" rel="noopener">Read Our Latest Market Report</a></h3></header></section><div class="edge-cta hidden"><h2>Get an Edge on the Crypto Market 👇</h2>Turn into a member of CryptoSlate Edge and entry our unique Discord neighborhood, extra unique content material and evaluation.<div class="cols"> On-chain evaluation Value snapshots Extra context</div> <a target="_blank" href="https://cryptoslate.memberful.com/checkout?plan=43765" class="btn join" rel="noopener">Join now for $19/month</a> <a target="_blank" href="https://cryptoslate.com/edge/" class="btn" rel="noopener">Explore all benefits</a></div></div><script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script> [ad_2] <a href="https://news.google.com/__i/rss/rd/articles/CBMiS2h0dHBzOi8vY3J5cHRvc2xhdGUuY29tL3NvbGFuYS1iYXNlZC1kZXgtcmF5ZGl1bS1leHBsb2l0ZWQtZm9yLTItMi1taWxsaW9uL9IBUWh0dHBzOi8vY3J5cHRvc2xhdGUuY29tL3NvbGFuYS1iYXNlZC1kZXgtcmF5ZGl1bS1leHBsb2l0ZWQtZm9yLTItMi1taWxsaW9uLz9hbXA9MQ?oc=5">Source link </a>