The Solana-based DEX said its treasury will cover user losses after the breach affected an older automated market maker system rather than its current core program.
Raydium said a $1.34 million exploit affected a retired AMM (automated market maker, onchain liquidity system) program, and the decentralized exchange said its treasury will cover losses. The disclosure suggests the incident was limited to an older component rather than Raydium’s current main trading infrastructure, a distinction that can matter for user confidence and assessment of ongoing platform risk. Treasury-backed reimbursement is often used by crypto platforms to contain fallout from security incidents and reassure affected users while investigations continue.