The price of SOL falls as news for Raydium hack surfaces.
The hack drained $120,512 SOL.
The price is 95% below ATH which was recorded a year ago.
Exactly one year ago, the native coin of Solana, SOL, registered its ATH worth $260. But the overall scenario has turned the opposite due to the FTX debacle, and now it is moving into the bearish habitat. The tragedy was amplified, and the news surfaced, leaving the evangelists awestruck. The news snitched that Raydium Protocol, AMM on Solana’s network, was hacked, and a total of more than $ 4 million was played with, out of which $120,512 SOL was exploited. The exhaustive list of pools that the hacker exploited, some of which are SOL-USDC, SOL-USDT and RAY-USDC.
1/ Initial Post-Mortem: Raydium is working w 3rd-party auditors and teams across Solana to gather additional info. As of now, a patch is in place preventing further exploits from the attacker.
The following includes info up to now. Big thanks to all teams providing support http
We współpracy z: https://www.thecoinrepublic.com/2022/12/19/solana-goes-dull-as-raydium-steals-the-light-price-drop-due-to-raydium-hack/
