Solana-Based DEX Raydium Exploited $2 Million By Hackers
The DEX recognized the issue and stated that it believes an attacker used the exchange’s admin address to carry out the hack.
The fraudulent transactions were discovered by Prysm, a decentralized exchange aggregator on Solana.
At the time of publication, around $2 million in various cryptocurrencies were resting in the account of an attacker who had deliberately withdrawn user cash from Raydium liquidity pools.
ZachXBT, an on-chain investigator, discovered that the offender had moved the exploited fund to Ethereum.
Nansen, an analytics company, confirmed the discovery.
Raydium, which lets users trade between multiple cryptocurrencies without the necessity of a middleman, is one of the leading platforms in Solana’s struggling DeFi ecosystem.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
CoinCu News
Best Cryptos to Invest in December 2024: Qubetics surges past $2.6M, Solana’s whale pump ignites…
As Bitcoin reaches unprecedented heights and the market surges, he's highlighting five altcoins poised for…
With the crypto market reaching new peaks, many are eager to discover digital currencies poised…
XYZVerse, blending sports passion with meme energy, is set to make a significant impact, uniting…
Will Bitcoin Crash?" seems to be one of the most controversial questions, as the price…
There’s always that one coin people wish they hadn’t overlooked. For many, Cosmos ($ATOM) is…
This website uses cookies.
