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Aug 28, 2026

Solana neobank Avici loses $1.1 million in crypto card hack, token crashes 49%

A security vulnerability in an outdated Rain card smart contract led to approximately $1.1 million being drained from Solana-based platforms on August 28, with Avici suffering $500,800 in losses affecting 1,685 users. The exploit caused Avici's token to crash 49%.

Aug 28, 2026·3 sources
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Avici card balances hit by Solana contract vulnerability affecting 1,685 users

Solana neobank Avici disclosed a vulnerability in its card contract that impacted $500,859 in user balances across 1,685 accounts. The company committed to full refunds.

Aug 28, 2026·4 sources
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Top claims

  • ▪Following the security breach, the AVICI token plummeted up to 49% from its 24-hour high of $0.43 to an all-time low of $0.217.
  • ▪Avici has not disclosed when the customer refunds will be distributed or how those reimbursements will be funded.
  • ▪A security breach on August 28, 2026, targeted the Solana-based neobank Avici, draining $500,800 from 1,685 user card-collateral accounts.

Topics

DeFiCrypto securitySmart contractsSolana ecosystemSolanaPayments