Raydium (RAY)

defi is fucked lol

drift just got drained for $200M+ and here's how:

- attacker minted 750M fake tokens
- made a raydium pool with $500 liquidity, priced at ~$1/token
- compromised admin key listed the fake token on drift
- disabled all withdrawal guards in one tx
- deposited $785M of fake "collateral" and drained every vault in 31 txs over 12 minutes
- nobody noticed for an hour
- attacker came back 2hrs later to grab a few more million

the multisig was 2/5 with a 0-second timelock. $200M+ protected by two signatures and zero delay.

and people wonder why nobody takes this industry seriously

✨ Demether Weekly Recap
This week at Demether, we made strong progress across ecosystem expansion, product transparency, and research-driven narratives - continuing to position ourselves at the forefront of capital-efficient DeFi infrastructure.

🚀 Ecosystem Expansion

* Live on https://t.co/yoJIjcZQSh

We officially went live on Legends. Fun - a competitive discovery platform for high-potential Web3 projects.

This helps unlocks greater visibility and community-driven momentum within the Solana ecosystem.

Don’t forget to vote! 👇
https://t.co/TAjN2v3355

* Raydium Partnership

We announced our partnership with Raydium - a key liquidity layer on Solana.

This collaboration strengthens underpins ability to tap into on-chain liquidity to generate yield.

📚 Product & Documentation

GitBook Documentation Launch

We launched our official documentation hub, giving users and partners deeper insight into:

• Demether’s architecture
• Yield strategies and vault design
• Cross-chain capital flows

A major step toward