Avici exploit drains user accounts as token slides over 43%
AI Market Summary
Onchain analysts report an ongoing exploit at Avici, where an attacker allegedly gained admin rights over ~1,100 collateral accounts and is draining card balances via many small transactions, with estimated losses around $670k and rising. Avici says it is coordinating with partners to resolve withdrawals. The associated token has fallen over 43%, heightening counterparty and operational risk perceptions for the project and nearby Solana-linked fintech activity.
Impact level
● Medium
Affected assets
BANK/USDT-2.29%
AI Insight · BANK/USDTAI Insight
▼ Bearish
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Security analysts are monitoring an ongoing exploit at Solana-based neobank Avici after onchain researchers reported that an attacker obtained admin privileges across more than 1,100 collateral accounts and has been siphoning card balances through thousands of small transactions. One analyst estimates losses at $670,000 and climbing.
Avici (@avici) said it is aware of an issue affecting card-balance withdrawals and is working with partners to resolve it.
The solana:BANKJmvhT8tiJRsBSS1n2HryMBPvT5Ze4HU95DUAmeta token fell more than 43% to about $0.23.
