Solido Foundation Hit Hard by $293 Million SUPRA Heist
A recent exploit on the Supra blockchain ecosystem has resulted in a significant loss of funds for the Solido Foundation. According to an investigation report by Solido Money, approximately 90% of the stolen value belonged to the foundation rather than retail users.
The attack occurred on July 23, 2026, and was carried out through a sophisticated sequence of transactions that exploited an error in the collateral valuation system of the Solido Cash protocol. The attacker generated large amounts of CASH tokens by purchasing undervalued collateral and minting newly created tokens, which were then exchanged for SUPRA.
The report divides the exploit into two phases: Wave One, which occurred at 18:21:35 UTC and produced approximately 266.78 million SUPRA, and Wave Two, which began around 21:12 UTC and generated another 26.93 million SUPRA. The total stolen funds amount to nearly 293.71 million SUPRA.
The majority of the stolen assets have been traced to a wallet believed to belong to a Gate deposit address, with approximately 220 million SUPRA transferred to this account. However, around 46.78 million SUPRA remains visible on-chain and has not yet been moved.