In short
- Solana DEX Raydium was hit by $1.3 million on Wednesday.
- The scandal involved five dams who had been fired from an earlier version of its market-making program.
- The event joins a growing list of DeFi events and the discovery of major vulnerabilities, additional features and AI tools.
Five pools that have been fired from Solana– A central exchange of Raydium was used on Wednesday, which resulted in the theft of more than $1.34 million.
The acquisition affected the company’s legacy as a market maker and resulted in the loss of Solana (SOL), as well as dollar-backed stablecoin USDC and its native token, RAY.
“No Raydium users are currently affected by this or would have been able to connect to these pools through the UI since they retired,” a Raydium supporter wrote. 0xInfra on X.
The user, who has a Solana address ending in “Bq33QVk,” was able to bypass the authentication logic in the app that was removed and replaced with new donor tokens. In total, the attacker got about $900,000 in USDC, about $357,000 in SOL, and $86,000 worth of RAY. It will be returned using the company’s assets.
The company’s existing programs prevent this type of risk, according to 0xInfra, who confirmed that this did not happen due to “a serious misunderstanding or governance problem.”
Usage adds to the ever-growing list Threats that have been discovered in crypto networks and Decentralized Finance (DeFi) protocols. about late.
In April, KelpDAO and Solana-based Drift program each faced challenges that involved $300 million in revenue, respectively.
Last week, the Zcash private network saw its data crash by more than 40% in 24 hours after developers revealed that a security researcher. used a frontier AI model to find the four-year risk which involved one of his private pools.
Although there is no evidence that AI was used in the Raydium event, experts said Decrypt in May that AI is revolutionizing the discovery process by “replacing what experts do.”
Also, rape just happened a day after the private AI company Anthropic released the Mythos versionit claims to have “unprecedented cyber security capabilities.” Anthropic also released an unedited version, available in public called Claude Fable 5, which is to be criticized how he was returned.
In the middle of the event, the Raydium token has fallen by about 2% in the last 24 hours, recently changing hands at $0.567. The symbol has fallen by about 13% in the last week of trading in the middle of the broader market, and is now 96.6% away from its total value of $ 16.83.
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