Decentralized exchange Raydium experienced a $1.3 million exploit targeting its legacy liquidity pools, specifically the AMM V3 program phased out in 2021. The vulnerability stemmed from insufficient validation of the LP mint address, allowing attackers to bypass proportion checks. This incident underscores the ongoing security challenges in DeFi and highlights the importance of rigorous validation in smart contract development to prevent exploitation of even older codebases.
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Ali NematiWritten by Ali
