TechFlow reports that on June 11, according to official announcements, Raydium confirmed its legacy AMM V3 program—deactivated in 2021—was exploited, resulting in the unauthorized removal of approximately 150,177 RAY tokens, 5,603 SOL tokens, and 893,700 USDC tokens. The total market value of the affected assets is roughly $1.34 million. Compensation will be covered by Raydium’s treasury.
This incident impacted five liquidity pools: Sollet USDT–RAY, Sollet ETH–RAY, SRM–RAY, USDC–RAY, and RAY–SOL. Raydium stated that current users and the live mainnet program remain unaffected. The root cause was insufficient validation of LP mint addresses—not a private key leak or an issue at the permission level.
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