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Raydium commits to cover losses as hacker drains $1.3M from legacy pools
Jun 10, 2026
< 1 min read
by Hannah Collymore
for CryptoPolitan
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A hacker exploited a vulnerability in Raydium's legacy AMM V3 on the Solana-based DEX, draining approximately $1.34 million from five liquidity pools that had been deprecated since 2021. Raydium confirmed the unauthorized liquidity removal, pledged to cover the losses, and the incident underscores security risks from legacy DeFi code and could weigh on trust and token sentiment despite the team's remediation.
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A hacker has exploited a vulnerability in Raydium’s legacy AMM V3 program, draining approximately $1.34 million from five liquidity pools that had been deprecated since 2021. The Raydium team confirmed it was aware of the unauthorized liquidity removal and committed to covering losses. The attack targeted code that the Solana-based decentralized exchange phased out five...
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