Raydium Launches Claim Portal to Compensate Affected Individual LPs

Solana-based DEX Raydium announced the launch of a Claim Portal for individual LPs whose positions were affected in last December's hack to withdraw assets for compensation. The portal will be live for two months.

This is Phase 1 of Raydium's compensation plan, which doesn't include third-party protocols and strategy vaults. Details of Phase 2 will be announced in a few days.

Last December, Raydium was hacked for nearly $4.4m due to a private key compromised.