Raydium old AMM V3 hack: $1.34M don japa, full RAY treasury refund
Di-old Raydium AMM V3 for Solana don suffer exploit, as about $1.34M liquidity comot from five inactive pools. InfraRAY talk say no spread risk dey current Raydium contracts, and Raydium treasury go fully reimburse the loss.
The affected pools na Sollet USDT-RAY, Sollet ETH-RAY, SRM-RAY, USDC-RAY, and RAY-SOL. Early figures show say thieves carry 150,177 RAY, 5,603 SOL, and 893,700 USDC (≈ $1.34M). Raydium say na isolated logic bug be the cause, no private-key leak nor permission compromise.
Reported root cause: weak LP-token validation for AMM V3. The AMM no strictly verify LP token mint address, so attackers fit mint new LP token wey pretend to be the expected one and bypass the pool ratio check to withdraw funds.
For traders, main lesson be say RAY smart-contract risk fit still dey legacy infrastructure even if active pools no directly affected. Watch RAY liquidity movements and general Solana DeFi sentiment, but price impact so far dey muted.
Neutral
Di incident concern di legacy/retired Raydium AMM V3 pools and, per InfraRAY, e no suppose spread reach current Raydium contracts. Dat reduce di chance say e go turn to wider systemic risk for traders. Raydium commitment to full treasury reimbursement also help limit di chance say negative sentiment around RAY go last long.
Short term, any hack—even if e isolated—fit cause volatility as liquidity providers rethink legacy smart-contract exposure. But because no private-key/permission get compromise and di affected pools dem clear scope, e support neutral market impact.
Long term, di LP-token mint validation weakness remind say older DeFi code still fit get exploit. Traders fit demand higher risk premiums for LP exposure for deprecated pools, but active market price discovery and trading suppose remain largely unaffected.