Raydium Completes Phase-Out of Old AcceleRaytor IDO, User Funds Refunded

Raydium has completed the phase-out of the old AcceleRaytor IDO program, which has not been in use since 2022. All user deposits and SOL used for rent have been refunded to their original addresses. This move aims to shut down inactive legacy programs, reduce the attack surface, and enhance overall security. Previously, Raydium's Legacy AMM V3 program suffered a vulnerability attack, where the attacker forged LP tokens to bypass ratio checks and illegally extracted assets from five old liquidity pools, resulting in a loss of approximately $1.34 million. Affected assets included 150,177 RAY, 5,603 SOL, and 893,700 USDC, and the treasury will fully compensate the affected funds.