Raydium (RAY), a decentralized exchange on the Solana (SOL) blockchain, said 
Wednesday that it had suffered a $1.34 million exploit tied to its retired 
automated market maker, or AMM, V3 program. Raydium Pools Drained The protocol 
said the attacker removed about 150,000 RAY, 5,600 SOL, and nearly 900,000 of 
Circle’s USDC stablecoin from Raydium pools involving RAY-SOL, USDC-RAY, and 
SRM-RAY. Raydium attributed the compromise to a weakness in how the older AMM 
V3 handled liquidity provider (LP) mints. The platform said the vulnerability 
“stemmed from insufficient validation of the LP mints, which in practice 
allowed the attacker to bypass intended proportion checks. Related Reading: 
Prediction Markets’ Wild West Days May Be Over: CFTC Drafts Its First Major 
Framework According to the description of the mechanism, because the legacy 
AMM V3 program did not properly verify the LP mint address, an attacker was 
able to create a new mint and use it as the LP token, letting it evade the 
checks that were supposed to control how assets could be accounted for in the 
Raydium pools. The exchange emphasized that the affected AMM V3 program was no 
longer available through Raydium’s interface, explaining that the legacy AMM 
V3 program was phased out in 2021 and was effectively unreachable via 
Raydium’s current user tools. Funds Traced Across Two Blockchains Details on 
the alleged laundering trail were provided by PeckShield, which described how 
the attacker’s funds were initially funded via KuCoin and then bridged from 
Solana to Ethereum (ETH). Related Reading: Treasury Stablecoin Proposal Draws 
Major Warning From Hyperliquid Policy Center–Here’s Why PeckShield said that 
810 ETH had already been sent to Tornado Cash, and that 7 ETH had been moved 
to FixedFloat, framing both moves as part of an active effort to launder the 
Raydium funds. In Raydium’s own breakdown of the exploit, the firm reiterated 
that its current programs were unaffected by the incident, and said it is in 
the middle of security review work on all mainnet programs by Raydium core 
contributors. Featured image created with OpenArt; chart from TradingView.com

Raydium (RAY), a decentralized exchange on the Solana (SOL) blockchain, said Wednesday that it had suffered a $1.34 million exploit tied to its retired automated market maker, or AMM, V3 program. Raydium Pools Drained The protocol said the attacker removed about 150,000 RAY, 5,600 SOL, and nearly 900,000 of Circle’s USDC stablecoin from Raydium pools &#8230;

Raydium DEX’s AMM Program Exploited For $1.34 Million — Here’s What Went Wrong

AI-powered smart glasses are set to revolutionize daily tasks with proactive 
assistance and seamless integration.
The post Alex Himel: Augmented reality glasses will enhance daily tasks, AI integration will redefine wearables, and design must prioritize user experience | Big Technology appeared first on Crypto Briefing.

AI-powered smart glasses are set to revolutionize daily tasks with proactive assistance and seamless integration. The post Alex Himel: Augmented reality glasses will enhance daily tasks, AI integration will redefine wearables, and design must prioritize user experience | Big Technology appeared first on Crypto Briefing.

Alex Himel: Augmented reality glasses will enhance daily tasks, AI integration will redefine wearables, and design must prioritize user experience | Big Technology

The World Cup 2026 could boost crypto fan token adoption, highlighting 
disparities in digital engagement among participating nations.
The post World Cup 2026 Group K: what Portugal, Colombia, DR Congo, and 
Uzbekistan mean for crypto fan tokens appeared first on Crypto Briefing.

The World Cup 2026 could boost crypto fan token adoption, highlighting disparities in digital engagement among participating nations. The post World Cup 2026 Group K: what Portugal, Colombia, DR Congo, and Uzbekistan mean for crypto fan tokens appeared first on Crypto Briefing.

World Cup 2026 Group K: what Portugal, Colombia, DR Congo, and Uzbekistan mean for crypto fan tokens

The exchange joins Binance, Kraken, Bybit and Coinbase rolling out products 
tied to SpaceX&#8217;s anticipated public debut.

The exchange joins Binance, Kraken, Bybit and Coinbase rolling out products tied to SpaceX&#8217;s anticipated public debut.

Blockchain.com launches SpaceX-linked perpetual amid pre-IPO trading boom

SpaceX&#8217;s credit ratings boost could lower borrowing costs, attract diverse 
investors, and impact its financial strategy post-IPO.
The post SpaceX secures blue-chip credit ratings ahead of landmark IPO 
appeared first on Crypto Briefing.

SpaceX&#8217;s credit ratings boost could lower borrowing costs, attract diverse investors, and impact its financial strategy post-IPO. The post SpaceX secures blue-chip credit ratings ahead of landmark IPO appeared first on Crypto Briefing.

SpaceX secures blue-chip credit ratings ahead of landmark IPO

Meta&#8217;s immigration-related challenges highlight potential operational 
disruptions and reputational risks amid its AI infrastructure expansion.
The post Meta employee detained by immigration agents after job loss, sparking 
internal backlash appeared first on Crypto Briefing.

Meta&#8217;s immigration-related challenges highlight potential operational disruptions and reputational risks amid its AI infrastructure expansion. The post Meta employee detained by immigration agents after job loss, sparking internal backlash appeared first on Crypto Briefing.

Cryptocurrency price in BTC

Market Overview