veeda

UPDATE: Refunds are processed in full, with an extra 10% cashback. The Solana contract has been updated. We haven't seen any further related activity, and we're constantly monitoring it. If your Solana card balance was withdrawn a few hours ago, we've restored the full amount and added 10% cashback on what was withdrawn. Open the app and cross-check your balance. Here's exactly what was affected and what wasn't: 1. This was limited to card contracts on Solana holding balances added through Avici's Top Up flow. 2. Your regular Avici Solana and EVM wallets were never affected. Those wallets are self-custodial and stayed under your control the entire time. 3. EVM card balances, onramps, offramps, and swaps were not affected. 4. Funds outside these Solana card-balance contracts were never exposed. We made a very deliberate choice to keep your Avici wallet separate from your card balance. It's why you have to manually Top Up before spending. Combining both would've made the app easier to use, but we didn't do it because we believed keeping them separate was safer. That separation is why this stayed limited to the affected Solana card contracts while wallets and everything else in Avici stayed untouched. That doesn't make what affected users went through okay. We're sorry for the stress and uncertainty this caused. We're not proud that this happened. We are proud that Avici is built onchain, where balance movements are immediately visible and independently verifiable instead of hidden behind a private ledger. In traditional fintech, the number shown in an app can stay unchanged while what is happening underneath remains invisible. Here, anyone could see the movement onchain as it happened. We're pushing the frontier of onchain finance, and that road was never going to be easy. Moments like this are painful and humbling, but they show us what has to improve and will make Avici stronger. We're not stepping back. We're going to keep pushing forward. Rain, our card issuing partner, covered all reimbursements in full. Huge credit to their team for moving quickly, working closely with us, restoring every affected balance, and fixing the issue. We'll publish a full postmortem once the investigation is complete. And a huge thank you to every partner who jumped in immediately to help us through this: @solana, @raincards, @Helius, @MetaDAOProject, @zeroshadow_io, and @asymmetric_re. Thank you for staying with us through the uncertainty and stress this caused today.