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SOL Plummets 10% Following $2 Million Exploit on Solana-Based DEX Raydium

SOL token lost 9.5% Friday to trade at $12.82 – according to CoinMarketCap – after Solana-based decentralized exchange Raydium was compromised for $2.2 million. In an afternoon tweet on December 16, Raydium protocol wrote that the hacker overrode owners’ authority in the liquidity pools.

Per data from analytics firm Nansen, “The wallet draining LP Pools from Raydium liquidity pools has received over $2.2 million now, including $1.6 million SOL,” the company shared the information on its official Twitter account.

Solana Solana $236.84
-2.95%
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