{"id":178317,"date":"2026-06-10T20:05:28","date_gmt":"2026-06-10T20:05:28","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=178317"},"modified":"2026-06-10T20:05:28","modified_gmt":"2026-06-10T20:05:28","slug":"raydium-dexs-amm-program-exploited-for-1-34-million-heres-what-went-wrong","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=178317","title":{"rendered":"Raydium DEX\u2019s AMM Program Exploited For $1.34 Million \u2014 Here\u2019s What Went Wrong"},"content":{"rendered":"

Raydium (RAY), a decentralized exchange on the Solana (SOL) blockchain, said Wednesday that it had suffered a $1.34 million exploit tied to its retired automated market maker, or AMM, V3 program.\u00a0<\/p>\n

Raydium Pools Drained\u00a0<\/h2>\n

The protocol said the attacker removed about 150,000 RAY, 5,600 SOL, and nearly 900,000 of Circle\u2019s USDC stablecoin from Raydium pools involving RAY-SOL, USDC-RAY, and SRM-RAY.<\/p>\n

Raydium attributed <\/a>the compromise to a weakness in how the older AMM V3 handled liquidity provider (LP) mints. The platform said the vulnerability \u201cstemmed from insufficient validation of the LP mints, which in practice allowed the attacker to bypass intended proportion checks.<\/p>\n

According to the description of the mechanism, because the legacy AMM V3 program did not properly verify the LP mint address, an attacker was able to create a new mint and use it as the LP token, letting it evade the checks that were supposed to control how assets could be accounted for in the Raydium pools.<\/p>\n

The exchange emphasized that the affected AMM V3 program was no longer available through Raydium\u2019s interface, explaining that the legacy AMM V3 program was phased out in 2021 and was effectively unreachable via Raydium\u2019s current user tools.\u00a0<\/p>\n

Funds Traced Across Two Blockchains<\/h2>\n

Details on the alleged laundering trail were provided by PeckShield, which described how the attacker\u2019s funds were initially funded via KuCoin and then bridged from Solana to Ethereum (ETH).\u00a0<\/p>\n

PeckShield said <\/a>that 810 ETH had already been sent to Tornado Cash, and that 7 ETH had been moved to FixedFloat, framing both moves as part of an active effort to launder the Raydium funds.\u00a0<\/p>\n

In Raydium\u2019s own breakdown of the exploit, the firm reiterated that its current programs were unaffected by the incident, and said it is in the middle of security review work on all mainnet programs by Raydium core contributors.<\/p>\n

Featured image created with OpenArt; chart from TradingView.com\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

Raydium (RAY), a decentralized exchange on the Solana (SOL) blockchain, said Wednesday that it had suffered a $1.34 million exploit tied to its retired automated market maker, or AMM, V3 program.\u00a0 Raydium Pools Drained\u00a0 The protocol said the attacker removed about 150,000 RAY, 5,600 SOL, and nearly 900,000 of Circle\u2019s USDC stablecoin from Raydium pools […]<\/p>\n","protected":false},"author":0,"featured_media":178318,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-178317","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/178317"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=178317"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/178317\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/178318"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=178317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=178317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=178317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}