Avici commits to full user compensation as hackers move on to new victims

Avici, a Solana-based neobank, has said that it will refund every affected card balance in full after an August 28 breach drained user funds. The same run of exploits claimed the Ethereum lending protocol Ajna a day later.

The refund promise came in an August 28 post on X, where Avici said its card-issuing partner Rain had traced the problem to a flawed version of a Solana card contract. 

“All affected card balances will be refunded in full”

Avici wrote that the contract was used by the neobank, “and a small number of other programs” before being upgraded across the board.

It stated that 1,685 users who were affected by the exploit, which represents $500,859.22 in card balances, will have their respective balances refunded in full. 

How the attacker emptied the card program

DefiLlama’s hack database logs the Avici incident at $500,859, the same as the firm stated in its update. It also classified it as a withdrawal logic flaw in a Rust-based protocol. Initial reports put the range between $600,000 and more than $1 million.

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