Raydium's full compensation this time shows responsibility; although the pool was abandoned early, users didn't suffer losses, which is better than many projects that go silent when issues arise.

RAY2.29%
View Original
CoinNetwork
Raydium commits to full compensation for $1.3 million Solana pool loss
Raydium announces full compensation for five Solana legacy liquidity pools that lost approximately $1.3 million due to an attack, with the attacker exploiting a verification vulnerability in early automated market maker design to bypass checks and extract liquidity from affected pools, involving about 150,177 RAY tokens, 5,603 SOL tokens, and 893,700 USDC.
The affected pools are deprecated programs, and the assets will be covered by the project's treasury to prevent users still interacting with legacy pools from incurring losses.
Market response is muted, with the price around $0.57, down less than 1% in 24 hours.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned