15h ago

Outdated Rain contract flaw drains $1.1 MILLION from Solana card programs; AVICI drops 49%

AI Market Summary

An exploit in an outdated Rain contract led to $1.1M in losses across several Solana card programs, with Avici users losing $500.8k. The attacker swapped stolen stablecoins into SOL, bridged to Ethereum, and routed funds via Tornado Cash, highlighting cross-chain laundering risk. AVICI fell 49%, reflecting acute token-specific confidence damage despite Avici stating self-custody wallets were unaffected and card balances will be refunded.

Impact level

● Medium

Affected assets

AVAAI/USDT-0.26%

AI Insight · AVAAI/USDTAI Insight

▼ Bearish

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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.

In August 2026, multiple Solana card programs were hit by a hack tied to a Rain contract vulnerability, with total losses of $1.1 million. Avici was the hardest hit, with 1,685 users losing $500,800. The attacker swapped the stolen stablecoins for SOL, bridged the funds to Ethereum, and routed them through Tornado Cash. Avici said self-custodial wallets were not affected and that all compromised card balances will be fully refunded.

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