Solana-based neobank Avici exploited as attackers siphon over $650,000 from user card balances

AI Market Summary

Solana-based neobank Avici reported an exploit in which compromised admin rights enabled attackers to drain over $650,000 from user card balances, triggering withdrawal disruptions. The incident has driven a sharp drawdown in the project's native token and raises counterparty and operational-risk concerns for Solana fintech applications. Near-term impact is likely concentrated in Avici-related liquidity and sentiment, with limited broader spillover unless further exposures emerge.

Impact level

● Medium

Affected assets

BANK/USDT-1.37%

AI Insight · BANK/USDTAI Insight

▼ Bearish

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Solana-based neobank Avici has been hit by an exploit after attackers used compromised admin rights to drain more than $650,000 from user card balances. In the aftermath, the native solana:BANKJmvhT8tiJRsBSS1n2HryMBPvT5Ze4HU95DUAmeta token has fallen over 32%. Avici said it is aware of the withdrawal disruptions and is working to fix the issue.

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