Hackers Attack Raydium’s Solana-Based Protocol AMM

AMM, a Solana-based protocol developed by Raydium, has been hacked.

According to the project developers, some unknown attackers have gained control over the administrator’s address. According to representatives of Raydium, they will reveal the details later.

Nansen has said the unidentified person has received more than $2.2 million.

OtterSec analysts have noted that the incident did not look like a smart contract vulnerability and qualified it as a hack. According to them, the reason is the compromise of the private key.

Unknown people attacked this month DeFi protocol Ankr and released a huge amount of aBNBc tokens. The price of a synthetic asset used in staking has fallen to zero.