Avici, a crypto neobank, saw its native token AVICI plummet 49% after $1.1 million was stolen due to a crypto card vulnerability.
An outdated Rain card contract vulnerability led to the theft of approximately $1.1 million from multiple Solana-based programs, with Avici's 1,685 users losing $500,800. Affected by this, the AVICI token fell from a 24-hour high of $0.43 to an all-time low of $0.217, a drop of up to 49%, before recovering slightly. Tria, another crypto neobank, also reported that 636 users were affected, losing over $430,000, and its token once dropped by more than 10%. Tria has pledged to fully compensate users. Avici stated that the attack was limited to Solana contracts holding funds after users topped up their cards, and its self-custody wallets were not affected. It also promised to refund all affected card balances. Avici has reported the incident to the FBI's Internet Crime Complaint Center.
Source:CoinDesk · Source Link
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