Avici Team Refunds Users with 10% Cashback After $1M Security Exploit

A Solana-based Avici security exploit has led to more than $1 million in user funds being exposed after an attacker reportedly spent just $190 on gas before draining over $670,000.

The Avici team has now refunded the affected user in full and added 10% cashback after identifying and fixing the contract issue. The attacker used this small amount of gas to exploit a security vulnerability in the Avici smart contract, allowing them to drain a significant amount of funds from users' accounts.

While the exact details of how the attacker carried out the exploit are not specified, it is clear that the team's swift response has helped mitigate some of the damage. By refunding the affected user and adding cashback, the Avici team aims to make up for the losses incurred by their users.