Historical bad-debt events

Raydium's assessment for RD-F-067 — scored not_applicable on the v1.7.0 rubric. The evidence below is the curator's reasoning for this score.

Evidence summary #

No lending markets; no bad debt in the lending sense. December 2022 exploit ($4.4M) was admin-key compromise causing LP pool drains — compensated 100% from treasury/team reserves. Not a lending-market bad debt event. N/A per taxonomy PD-024.

Sources #

URL
Raydium Compensation Plan and Next StepsRaydium compensation plan — 100% principal RAY-pair LPs, 120% RAY othersretrieved 2026-04-29
Docs
03-taxonomy.md §Category 4Taxonomy PD-024: bad debt events is lending-only factorretrieved 2026-04-29
URL
Raydium Detailed Post-Mortem and Next StepsRaydium post-mortem Dec 2022 — $4.4M pool drains, admin key compromise, no bad debtretrieved 2026-04-29

Methodology #

Count and sum (USD) the number of documented bad-debt events where the protocol socialized losses across depositors.

See the full factor methodology and distribution across all protocols →

rubric_version v1.7.0 protocol raydium factor RD-F-067 score not_applicable collected_at 2026-04-29 12:31:55