Solana-based neobank Avici has been hit by a hack that moved more than $600,000 out of user accounts. Rain, the service provider behind Avici's Visa card and payment infrastructure, said its monitoring system detected vulnerabilities in a small number of projects using old Solana contracts. Rain said contract upgrades for all affected projects have been completed, the issue is resolved, and monitoring will stay in place. A third-party forensics firm has also been hired to investigate, and Rain said all affected users will receive full compensation.
Avici later added that the attack affected only the separate Solana contract used to hold card balances. Users' self-custodied Solana and EVM wallets were not touched. Verified figures show 1,685 users were affected, with roughly $500,000 in card balances involved. Avici promised full refunds to all affected users. The team has filed a report with the FBI's Internet Crime Complaint Center (IC3).
Solana-based neobank Avici has been hit by a hack. More than $600,000 was transferred out of user accounts.
Rain, the payments infrastructure provider behind Avici's Visa card, said its monitoring system found vulnerabilities in a few projects still running old Solana contracts. Contract upgrades for all related projects have been completed, Rain said, and the issue has been fixed. The company said it would keep monitoring. Rain also hired a third-party forensics firm to investigate and pledged full compensation for affected users.
Avici later clarified that only the separate Solana contract used to hold card balances was impacted. Self-custodied Solana and EVM wallets were not affected. Verification found 1,685 users affected, covering around $500,000 in card balances. All of those users will get a full refund.
The team has reported the incident to the FBI's Internet Crime Complaint Center (IC3).
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
