Raydium says deprecated AMM V3 contract was drained for $1.34M, current users unaffected and treasury will compensate losses
first published 2026-06-10T16:34:23Z
Raydium reported that an attacker drained about $1.34 million from its legacy AMM V3 contract, which was phased out in 2021. The exploit was linked to an LP-mint validation flaw in the old contract, while current users and active programs were said to be unaffected. Raydium said its treasury will fully compensate impacted users and noted onchain tracing showed laundering through KuCoin, a Solana-to-Ethereum bridge, Tornado Cash, and FixedFloat.
AI Analysis
The summary describes a confirmed exploit and funds drain, which is negative for confidence, even though the affected contract is deprecated and current users are unaffected. The treasury compensation and limited scope reduce the market impact, but the $1.34M loss and laundering trace make it a meaningful security story.
Expected Investor Sentiment: Bearish
Potential Market Impact: Significant
