Rain, a crypto payment platform, has disclosed a vulnerability that affected a small number of programs running outdated versions of Solana smart contracts. The company said its monitoring systems detected the issue and that other programs were not affected. Rain then launched an investigation to determine the scope of the incident. Its team has successfully upgraded all programs that were using the outdated Solana contracts, and the issue has been resolved, according to the company. Rain said it will continue monitoring the situation and has engaged third-party forensic experts to investigate. The platform also said it will cooperate with law enforcement and relevant regulatory bodies. All affected users will receive full compensation, Rain confirmed. A remediation process has already begun, and the company said it is committed to completing the process quickly and responsibly. The incident was limited in scope, according to Rain. The company did not disclose how many users were affected or name the forensic firm.
Rain, a crypto payment platform, said its monitoring systems flagged a vulnerability that hit a small number of programs running outdated versions of Solana smart contracts. The company said other programs were not affected.
Rain opened an investigation to determine the scope of the incident. Its team has since upgraded all programs that were using the outdated Solana contracts, and the issue has been resolved. Rain said it will continue monitoring the situation.
The company has hired third-party forensic experts to investigate the incident and said it will cooperate with law enforcement and relevant regulators. All affected users will receive full compensation, Rain confirmed. A remediation process is already underway, and Rain said it is committed to completing it quickly and responsibly.
The company did not disclose how many users were affected or name the forensic firm.
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