Raydium is attacked, loses $2 million

Solana DeFi protocol Raydium has suffered an exploit, in line with a statement from the developer. An preliminary investigation by the group has revealed that the attacker has taken over the alternate’s proprietor account. The group says that “authority” over the automated market maker and farm packages have been paused, “for now.”

A twitter consumer who goes by the deal with ZachXBT has reported that the attacker has bridged $2 million “thus far” to Ethereum.

An exploit on Raydium is being investigated that affected liquidity swimming pools. Particulars to observe as extra is understood

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

It is a breaking story and will probably be up to date as new data is available in.