Raydium's Legacy AMM V3 Exploited for $1.34M via LP Mint Flaw
- Attack Overview: Raydium's Legacy AMM V3 was exploited due to an LP mint validation flaw, resulting in approximately $1.34 million in unauthorized liquidity removals, as the attacker bypassed proportion checks by creating a fake LP mint, highlighting a critical logic vulnerability in the system.
- Affected Pool Details: The attack impacted five idle liquidity pools, including Sollet USDT–RAY and USDC–RAY, with the attacker's wallet identified, draining assets such as approximately 150,177 RAY, 5,603 SOL, and 893,700 USDC, underscoring the severity of the exploit.
- Security Review and Compensation: Raydium has committed to fully compensating affected users through its treasury while initiating a comprehensive security review of all mainnet programs to ensure no similar logic flaws exist, demonstrating its accountability to users.
- System Protection Measures: Current mainnet programs utilize a virtual supply mechanism for proportion checks and properly validate LP mint addresses, ensuring that similar vulnerabilities do not recur, indicating Raydium's ongoing improvements in technical architecture and commitment to user safety.
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Technical Analysis for RAY
Technical Sentiment Analysis for Raydium (RAY). As of , Raydium (RAY) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for RAY stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, RAY is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Raydium (RAY) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.444 | 0.488 | 0.537 | 0.581 | 0.63 | 0.674 | 0.723 |
| Fibonacci | 0.488 | 0.524 | 0.546 | 0.581 | 0.617 | 0.639 | 0.674 |
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