Table of Contents
key takeaways
- A safety violation of the icon network in the sella deployment caused a loss of 1,450 soul ($ 169.14) and 78 jitosols, but we were not affected any other property.
- The icon network added the brakes by deploying the fast fix and those affected user funds will be fully restored.
- Efforts to remember the stolen assets to blacklist the hacker wallet and offer a reward for asset returns.
- Icon Insurance Fund will be used to stay safe with the plan to resume general operations
On August 5, 2025, a security violation was reported in the inheritance of the icon network Solana deployment, affecting the blanted platform and the network -owned liquidity (NOL). The attacker exploited the Solna Asset Manager Contract, resulting in a loss of about 1,450 soul and 78 jitosols. Importantly, no other spoke-chain or property, such as BNUSD, SICX, or BALN, did not affect.
Despite the compressed audit in the codebase, blockchain exploitation is the risk of a person. The icon network emphasized the importance of the construction of flexibility intechols to reduce sucking risxes. Thanks to the limited dependence on the safety of mercury liquidity and icon insurance funds, the network assured that all affected user funds were immediately and completely injured.
Reaction and recovery measures
The icon network’s immediate priority was to secure the network and prevent more risks for money or infrastructure. The team worked with auditors to connect the issue of contracts identified. An update has been prepared, reviewed, and deployed with necessary reforms. It was confirmed that no other spoke-chain contracts or sodax implementation were affected, as the vulnerability was for the deployment of heritage Solana.
The network identified the hacker wallet and contacted the exchange, including Benance, Upbit and Crackon to blacklist the address. An on-chain message was also sent to the attacker, which offers a bounty for the party. Now with the reforms deployed, users are being taken steps to return the balance, with the need for no action from users.
Ensure user fund security
The icon network determined that 37 souls and 76 jitosols were required to use. Most of the stolen property was in the form of NOL in ownership of the network, not as individual users. The icon insurance funds will be deployed to the sensor, all user funds are well -supported and fully supported.
To restore complete banking and resume general operations, the network plans to operate a vote to cover the affected user post. General service will resume by deploying icon insurance funds to buy essential souls and gitosols, re -fill the asset manager, and Molana Liquidity will receive the remaining amount to the new sodax infrastructure.
Swap and loans on Solana are currently offline and will be able to re -compete after the completion of these recovery stages, which will ensure safety and stability of updated contracts. More information about the incident and recovery efforts can be seen here.
Why it matters: impact, industry trends and expert insights
On August 5, 2025, the Icon Network reported a security violation in its Solana Parineeration, affecting the blanted platform and network-down liquidity (NOL), in which an attacker exploits the asset manager contract and causes financial losses.
Recent industry reports indicate a tendency of safety violations in the Solana ecosystem, often involving sophisticated AI-generated malware. This exposes the person’s weaknesses with a blockchain system, as is evident from recent icon networks exploitation.
According to insights from Fortune Business Insights, blockchain insurance funds are seen as a promising solution to increase transparency and automate claims management. This re-presents the icon network of the strategy to take advantage, is an insurance fund to restore the author and sensory financial stability post-exclusion.
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The post Solana Asset Manager Explit: The icon network reacted to the security breech, which appeared on the first coinsholder.
