Raydium Exploit Drains $1.3 Million From Legacy Solana Pools

Raydium (RAY) misplaced about $1.3 million on Wednesday in an exploit that drained 5 legacy liquidity swimming pools on Solana (SOL). The group confirmed that its treasury will absolutely cowl the losses.

Blockchain safety agency PeckShield and on-chain investigator Specter flagged the incident. However, the exploit solely touched retired automated market maker (AMM) code, leaving lively swimming pools and present customers unaffected.

Attacker Faked Mint Validation to Drain Retired Raydium Pools

According to Specter, the attacker exploited a validation flaw in dormant swimming pools tied to Raydium’s early AMM design. A pretend mint handle allow them to withdraw liquidity undetected.

The stolen property included roughly 150,177 RAY, 5,603 SOL, and 893,700 USD Coin (USDC). The attacker was initially funded by way of KuCoin earlier than transferring the funds to Ethereum (ETH).

PeckShield traced 810 ETH into Tornado Cash and one other seven ETH to FixedFloat.

#PeckShieldAlert Specter reported that @Raydium has been drained of $1.3M price of crypto

The attacker was initially funded from #KuCoin, bridged the stolen funds from #Solana to ETH, and deposited 810 $ETH to #TornadoCash and seven ETH to #FixedFloat. pic.twitter.com/Cm3nQwUfZV

— PeckShieldAlert (@PeckShieldAlert) June 10, 2026

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The US Treasury delisted the mixer from its sanctions record in March 2025.

Exploiters typically funnel funds through mixers to interrupt the on-chain path, which makes restoration troublesome.

Raydium Treasury Covers Exploit Losses as RAY Price Holds

Raydium acknowledged that the affected swimming pools belonged to a deprecated program with no lively consumer interplay.

Meanwhile, the group pledged to reimburse impacted property in full from its treasury.

Raydium is conscious of an exploit involving unauthorized removing of liquidity from its legacy AMM V3 program which was beforehand phased out in 2021.

No present customers of Raydium are affected by this exploit or would have been in a position to work together with these swimming pools by way of the UI since…

— Infra | Raydium (@0xINFRA) June 10, 2026

The protocol confronted an identical take a look at in December 2022, when an admin key compromise drained lively swimming pools.

A governance vote then tapped buyback charges and vested group tokens to compensate liquidity suppliers.

Markets largely shrugged off the breach. The RAY worth is down by lower than 1% within the final 24 hours to commerce close to $0.57 as of this writing.

In the identical method, the SOL market price slipped practically 2% to about $63.88.

The incident exhibits how dormant legacy code can keep a goal lengthy after retirement.

Whether investigators can hint the blended funds might turn into clearer within the coming days.

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