Full Refunds and Bonus Compensation Issued Following Security Update
In response to a recent security incident, the Solana-based banking protocol Avici has finalized its remediation measures. The central action involves processing full refunds for all impacted users, supplemented by an additional 10% of the affected amount as a goodwill gesture. All costs associated with these refunds were absorbed by the protocol's card issuance partner.
Clarified Scope of Impact, Core Services Uninterrupted
The project team provided precise details to clarify the incident's scope and reassure users:
- Impacted Area: Limited solely to balances within specific Solana card contracts funded through a designated deposit process.
- Unaffected Services:
- Standard self-custody wallets for both Solana and EVM chains remained completely secure.
- EVM card balances, fiat on/off-ramps, and token swap functionalities operated normally without disruption.
This transparency helps users distinguish between a targeted contract issue and the overall health of the protocol.
Technical Remediation and Ongoing Vigilance
Following the event, the technical team promptly executed an upgrade to the relevant Solana contracts. Network activity has since stabilized, with no further anomalous activity detected. The team has committed to continuous monitoring of on-chain activity. This response outlines a structured incident management approach: timely communication, clear accountability (partner-covered costs), technical fixes, and user compensation.