Raydium pledges to cover user losses after hacker drains $1.34M from deprecated pools

A hacker has exploited a vulnerability in Raydium’s legacy AMM V3 program, draining approximately $1.34 million from five liquidity pools that had been deprecated since 2021.  The Raydium team confirmed it was aware of the unauthorized liquidity removal and committed to covering losses. The attack targeted code that the Solana-based decentralized exchange phased out five...