Raydium Protocol Continues Solana’s Hack Story

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Radiyum Protocol, an automated market maker (AMM) for order books on the Solana [SOL] network was compromised. According to reports, the hacker stole money from different Raydium liquidity pools and burned them. Radium Protocol was able determine how this attack was carried out with assistance from other organizations. The hacker claimed to have assumed ownership rights, giving him access the monies. A compromised private key and a Trojan attack were sent directly to the pool’s owner account. The hacker used the account of the owner to call a code that collected protocol and trading fees after gaining entry. There were three pools: the SOL-USDC and SOL-USDT. Raydium Protocol immediately revoked the owner power of this account, which contained $4.3 million in cash. In an effort to encourage the attacker, the developers have retained 10% as a bounty. If the attacker returns the money, the hackers will receive a reward in their account. We encourage you to do your own research before investing.Join us to keep track of news: https://linktr.ee/coincuWebsite: coincu.comAnnieCoinCu NewsTags: AMMAutomated Market Makerraydium protocolSOLSolanaSolana’s Hack Story