• About Us
  • Careers
  • Contact
No Result
View All Result
Tuesday, October 28, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverse
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home News Latest News

Raydium Exploiter Transfers $2.7M Ether to Crypto Mixer Tornado Cash

19 January 2023
in Latest News, News
Reading Time: 3 mins read
105 3
Raydium Exploiter Transfers $2.7M Ether to Crypto Mixer Tornado Cash

image source: technopixel.org

Despite the ongoing efforts of security teams from various cryptocurrency exchanges to combat hacking attempts and protect user funds, a significant amount of money continues to flow to the sanctioned cryptocurrency mixer, Tornado Cash.  

This mixer, known for its privacy-enhancing features, has become increasingly popular among those looking to conceal the origin of their funds and avoid detection by law enforcement agencies. 

Recent developments indicate that a blockchain security firm, CertiK, issued an alert highlighting the activities of a malicious actor who had exploited the Raydium protocol.  

According to the report, the exploiter had successfully sent 1,774.5 Ether (ETH) to a mixer, a service used to obscure the origin of funds. The value of the transferred funds at the time of writing is around $2.7 million, which is a significant amount. 

The attack was launched on Raydium, the Solana-based decentralized finance (DeFi) protocol, on December 6th. The attack resulted in the loss of significant funds, which were drained from the liquidity provider account controlled by the exchange owner.  

The hackers were able to take control of the account and gain access to a wide range of digital assets, including USD Coin (USDC), Wrapped Solana (wSOL), and Raydium. 

Following a thorough investigation, the DeFi protocol has said that the exploit that led to the loss of funds was due to a vulnerability in the decentralized exchange’s smart contracts.  

This vulnerability allowed malicious actors to take advantage of the smart contract’s design and execute an attack that resulted in the loss of funds from liquidity pools. 

The vulnerability in question pertained to the withdrawal of liquidity pools as fees by the administrators of the decentralized exchange. The vulnerability allowed the attackers to manipulate the smart contract’s code and withdraw funds without authorization. 

However, the team behind Raydium promised to design a plan to compensate those affected by the hack. The plan was to utilize the treasury of the decentralized autonomous organization to purchase the missing tokens, which would then be used to reimburse those impacted by the exploit.

 

If you would like to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, and Instagram

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Share62Tweet39Share11
Endurance Okpanachi

Endurance Okpanachi

Related Posts

source: news.bitcoin.com
Crypto

Trump’s Pardon of Binance Founder Sparks Push to Ban Elected Officials from Owning Crypto

28 October 2025
source: thisismoney.co.uk
Crime

402bridge Suffers Private Key Leak, Over 200 Users Lose USDC in Protocol Breach

28 October 2025
source:  ttheblock.co
Blockchain

tZERO to Go Public, Strengthening Push for Blockchain-Based Financial Infrastructure

28 October 2025
Grayscale Scores Major Victory Over SEC As Court Rules in Favour of GBTC’s Path to Becoming a Public Bitcoin ETF
Crypto

Grayscale Zcash Trust Records Strong Gains Amid Renewed Interest in Privacy Coins

28 October 2025

Editors Picks

Mining vs. Staking: Which Crypto Validation Method Will Shape the Future?

Mining vs. Staking: Which Crypto Validation Method Will Shape the Future?

byOlajumoke Oyaleke
15 July 2025
0

Where Are the Ethereum-Killers Now?

Where Are the Ethereum-Killers Now?

byOlayinka Sodiqand1 others
6 January 2025
0

source: investorplace.com

How to Find the Newest Cryptocurrencies Before They’re Listed

byOlayinka Sodiq
30 December 2024
0

Exploring the Role of AI in Enhancing DeFi Security

Exploring the Role of AI in Enhancing DeFi Security

byOlayinka Sodiq
1 October 2024
0

The Ultimate Guide to How NFT Royalties Work

The Ultimate Guide to How NFT Royalties Work

byAdedamola Ojedokun
17 April 2024
0

Read More

Chain of Thoughts

The Aesthetics of Web3: Why Vibe Matters in Decentralized Communities

The Aesthetics of Web3: Why Vibe Matters in Decentralized Communities

byOlu Omoyele
27 September 2025
0

...

Zero-Knowledge Everything: Trust, Privacy, and Verification in the Digital Age

Zero-Knowledge Everything: Trust, Privacy, and Verification in the Digital Age

byOlu Omoyele
30 August 2025
0

...

What Happens When AI Gets a Wallet?

What Happens When AI Gets a Wallet?

byOlu Omoyele
31 July 2025
0

...

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Markets Update

KuCoin Pay Partners with Swapped Connect to Streamline Direct CEX Payments for Web3 Users

1 hour ago

Are Ethereum-Based Treasuries Emerging as the Berkshire Hathaway of Crypto?

3 days ago

Is the Crypto Market Now Majorly Driven by Institutions?

3 days ago

CBDCs vs. Stablecoins: Which Has the Market’s Trust?

3 days ago

Your Weekend Crypto Roundup | October 2025 (Week 4)

4 days ago

A New Age of Money: Should Every Currency Have Its Own Stablecoin?

4 days ago
Read More

Events

  • No events
  • Spotlight

    All about Ethereum
    All about Algorand
    All about Bitcoin
    All about Gora

    Press Releases

    Swiss Bitcoin App Relai Acquires MiCA License in France

    bychainwire
    27 October 2025
    0

    River Public Sale – 48-Hour Dutch Auction Lowest Price Settlement, Claim and Refund Instantly After End

    bychainwire
    27 October 2025
    0

    Jiuzi Holdings, Inc. Partners with SOLV Foundation on $2.8B TVL Bitcoin Initiative to Advance Crypto Treasury Strategy

    bychainwire
    27 October 2025
    0

    MultiBank Group and Khabib Nurmagomedov Launch an Exclusive Worldwide Multi-Billion-Dollar Joint Venture to Build the World’s First Regulated Tokenized Sports Ecosystem.

    bychainwire
    25 October 2025
    0

    RIVER Gains 5x Following Binance Perp Listing, Supported by Time-Encoded Airdrop Conversion

    bychainwire
    24 October 2025
    0

    Read More

    ADVERTISING

    ABOUT

    TEAM

    CAREERS

    CONTACT

    TERMS & CONDITIONS

    PRIVACY POLICY

    © Copyright 2025 DeFi Planet

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    No Result
    View All Result
    • News
      • People
      • Business
      • Crime
      • Regulation
      • Crypto
      • CBDC
    • Markets
      • Bitcoin
      • Ethereum
      • Stablecoins
      • Altcoins
      • Crypto ETFs
      • Memecoins
    • Policy
    • Articles
      • Press Releases
      • Opinion
      • Explainers
      • Guest Post
      • Sponsored
    • Directory
      • Companies
      • People
      • Products
      • Wallets
    • Multimedia
      • Videos
      • Podcasts
    • Learn
      • DeFi Basics
      • Tutorials
      • Reviews
      • Blockchain Fundamentals
    • Research
      • Case Studies
    • Explore
      • DeFi
      • Crypto Gaming
      • NFT
      • DAO
      • Metaverse
      • Glossary
    • Jobs
    • Markets Pro
      • DeFi Planet Pro
      • Spend Crypto
      • Swap Crypto
      • Coin Prices
      • Crypto Exchanges
      • Crypto Analyzer

    © Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

    -
    00:00
    00:00

    Queue

    Update Required Flash plugin
    -
    00:00
    00:00