Sunday, July 27, 2025
  • Login
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

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

by SB Crypto Guru News
December 16, 2022
in Crypto Exchanges
Reading Time: 3 mins read
0 0
A A
0


Haru Invest

Solana-based decentralized trade Raydium has been exploited for $2.2 million. 

The attacker overtook the proprietor’s authority on the platform, in line with the agency’s preliminary understanding.

An exploit on Raydium is being investigated that affected liquidity swimming pools. Particulars to comply with as extra is thought

⁰Initial understanding is proprietor authority was overtaken by attacker, however authority has been halted on AMM & farm packages for now
Attacker accnthttps://t.co/ZnEgL1KSwz

— Raydium (@RaydiumProtocol) December 16, 2022

Over $2.2M has been withdrawn from Raydium liquidity swimming pools, together with $1.6M in SOL, in line with the findings from the crypto analytics agency Nansen.

The pockets draining LP Swimming pools from Raydium liquidity swimming pools has acquired over $2.2M now, together with $1.6M $SOL

Observe right here: https://t.co/IQedsOstPE pic.twitter.com/OAQJgaq5Mc

— Nansen Portfolio (@nansenportfolio) December 16, 2022

In response to the exploit, companies primarily based in Solana, comparable to Compendium and Prism, are withdrawing their property and advising their customers to do the identical.

The Compendium Basis is quickly withdrawing $CMFI / $USDC / $SOL liquidity from Raydium in response to the current exploit.

It looks like the attacker gained entry to keys used to gather charges from LP swimming pools and authority has since been halted.

1/2

— Compendium (@CompendiumFi) December 16, 2022

?????
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 Raydium

WITHDRAW YOUR PRISM/USDC LIQUIDITY FROM RAYDIUM

— PRISM (@prism_ag) December 16, 2022

Some customers are accusing the protocol of not having a multisignature within the midst of the assault. 

so there was no multisig?
Sorry for the losses.
However it looks like you introduced it upon your self and have been simply ready for this to occur.

— sol poor and bored (@DeChDAO) December 16, 2022

Additional, some customers have additionally turn out to be skeptical about your complete Solana ecosystem following the assault. 

Simply after we suppose #Solana cannot worsen, it finds a strategy to shock us!

— Helin ULKER (@beautyofhelin) December 16, 2022

Because of its in depth ties to the funding empire of Sam Bankman-Fried, the Solana DeFi ecosystem was hit significantly exhausting by the collapse of FTX.

Get an Edge on the Crypto Market ?

Turn out to be a member of CryptoSlate Edge and entry our unique Discord group, extra unique content material and evaluation.

On-chain evaluation

Worth snapshots

Extra context

Be part of now for $19/month Discover all advantages





Source link

Tags: 2.2MBitcoin NewsCrypto NewsCrypto UpdatesDEXDropsExploitedLatest News on CryptoRayRaydiumSB Crypto Guru NewsSolanaBasedToken
Previous Post

The Greatest Bitcoin Lightning Cost Options

Next Post

New York’s Division of Cultural Affairs awards $58m in grants to greater than 1,000 arts organisations

Related Posts

Nigeria’s SEC backs stablecoins, signalling new crypto chapter

Nigeria’s SEC backs stablecoins, signalling new crypto chapter

by SB Crypto Guru News
July 26, 2025
0

Nigeria’s Securities and Exchange Commission (SEC) has expressed support for stablecoin businesses that operate within the bounds of the country’s...

Ethereum ETFs outperform Bitcoin as institutional interest rises

Ethereum ETFs outperform Bitcoin as institutional interest rises

by SB Crypto Guru News
July 25, 2025
0

Ethereum exchange-traded funds (ETFs) are recording a remarkable surge in investor interest, consistently outperforming their Bitcoin counterparts throughout the past...

Does PepsiCo Have Its Fizz Back?

Does PepsiCo Have Its Fizz Back?

by SB Crypto Guru News
July 25, 2025
0

PepsiCo stock rallied on earnings, but the stock has struggled over the last few years. Is it finally time for...

Solana network boosts block capacity by 20% to enhance performance

Solana network boosts block capacity by 20% to enhance performance

by SB Crypto Guru News
July 24, 2025
0

Solana developers have increased the network’s block limit from 50 million to 60 million compute units (CUs), marking a move...

Alphabet Jumps, Tesla Skids on Earnings

Alphabet Jumps, Tesla Skids on Earnings

by SB Crypto Guru News
July 24, 2025
0

The Daily Breakdown takes a closer look at Alphabet and Tesla after the two firms reported earnings. One was good...

Load More
Next Post
New York’s Division of Cultural Affairs awards m in grants to greater than 1,000 arts organisations

New York’s Division of Cultural Affairs awards $58m in grants to greater than 1,000 arts organisations

Crippled financial system and Taliban restrictions take a look at Afghan artists

Crippled financial system and Taliban restrictions take a look at Afghan artists

Facebook Twitter LinkedIn Tumblr RSS

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.