Raydium Exchange Suffers $1.34 Million Exploit as DeFi Vulnerabilities Rise

Raydium Exchange Hit by $1.34 Million Exploit

Raydium, a decentralized exchange on the Solana blockchain, was recently exploited, resulting in a theft amounting to $1.34 million. This attack targeted five outdated liquidity pools from a previous version of the exchange's automated market maker (AMM), highlighting rising vulnerabilities in decentralized finance (DeFi).

The security breach involved the legacy AMM, leading to the loss of assets including Solana (SOL), USDC, and the exchange's own native token, RAY. A contributor to Raydium, known as 0xInfra, confirmed that current users were not affected, as these outdated pools were deprecated and inaccessible through the user interface.

The exploit was executed by an attacker using a Solana address ending in "Bq33QVk," who took advantage of weaknesses in the outdated program to generate new liquidity provider tokens. The stolen assets comprised nearly $900,000 in USDC, about $357,000 in SOL, and $86,000 in RAY, with plans for reimbursement from the company's treasury funds.

Raydium is aware of an exploit involving unauthorized removal of liquidity from its legacy AMM V3 program which was previously phased out in 2021.

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

This incident is part of a growing trend of DeFi exploits, with recent attacks in the sector totaling nearly $300 million. Analysts have suggested that the emergence of AI could be influencing the frequency and nature of these vulnerabilities, although no direct connection has been established with the Raydium incident.

Following the exploit, Raydium’s token saw a 2% decline, trading at $0.567, which marks a 13% drop over the past week and a staggering 96.6% fall from its all-time high of $16.83.