Raincards-linked neobank hack moves $1M USDC from Solana to Ethereum via deBridge, laundered through TornadoCash
AI Market Summary
Reports allege a compromise tied to Raincards infrastructure used by multiple crypto neobanks, with user balances drained across several services. The exploiter reportedly bridged ~$1M USDC from Solana to Ethereum via deBridge and laundered through TornadoCash, raising counterparty and compliance risk for onchain payments rails. Criticism that Circle did not freeze funds in time may further pressure confidence in stablecoin and card-linked ecosystems.
Impact level
● Medium
Affected assets
ETH/USDT-2.41%
AI Insight · ETH/USDTAI Insight
▼ Bearish
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Raincards infrastructure is suspected of being involved in an attack that drained funds from multiple neobanks and their users. The exploiter bridged $1M USDC from Solana to Ethereum via deBridge and laundered the funds using TornadoCash. Affected services include etherfi Cash, Avalanche Card and Solayer Pay, with users also reporting drained balances. The post said Circle had more than two hours to freeze the funds but did not act, and urged users to withdraw funds from impacted neobanks as soon as possible.
