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An exploit on Raydium is being investigated that affected liquidity pools. Details to follow as more is known
⁰Initial understanding is owner authority was overtaken by attacker, but authority has been halted on AMM & farm programs for now
— Raydium (@RaydiumProtocol) December 16, 2022
The wallet draining LP Pools from Raydium liquidity pools has received over $2.2M now, including $1.6M $SOL
— Nansen Portfolio (@nansenportfolio) December 16, 2022
There seems to be a wallet is draining LP Pools from Raydium liquidity pools using admin wallet as a signer without having/burning LP tokens.
We withdrew protocol provided PRISM/USDC liquidity from Raydium
WITHDRAW YOUR PRISM/USDC LIQUIDITY FROM RAYDIUM
— PRISM (@prism_ag) December 16, 2022
Just when we think #Solana can't get worse, it finds a way to surprise us!
— Helin ULKER (@beautyofhelin) December 16, 2022