Avici Hack Losses Surpass $1M as Stolen Funds Laundered via Tornado Cash

BitcoinWorld Avici Hack Losses Surpass $1M as Stolen Funds Laundered via Tornado Cash Losses from the hack of Solana-based neobank Avici have now exceeded $1 million, with the attacker laundering the stolen funds through Tornado Cash, a crypto mixing service often used to obscure transaction trails.

Blockchain security firm Onchain Lens tracked the movement of funds, revealing that the hacker address beginning with FVNFzq converted 10,000 SOL into 1.02 million USDC, then bridged the assets into 418 ETH before depositing them into Tornado Cash.

The exploit is believed to have stemmed from vulnerabilities in smart contract permissions and signature verification, though the exact method has not been fully disclosed.

How the Attack Unfolded According to on-chain data, the attacker initially moved the stolen SOL from Avici’s smart contract to a personal wallet.