Avici Crypto Neobank Hacked for $500K, Promises Full Repayment

A recent cyberattack on Avici, a crypto neobank, has left over $500,000 in losses for its users. The hack, which affected 1,685 card balances, was attributed to outdated Solana contracts managed by Rain, the firm's partner responsible for card infrastructure.

Avici and Rain have pledged full repayment to all victims, alleviating some concerns about the financial burden on affected users.

The incident raises red flags about security risks in the crypto card sector, particularly given Rain's dominant market position and growing volume of transactions.