Avici Solana Neobank Hit by $650,000 Hack and 32% Token Plunge

A Solana-based neobank called Avici has been hacked, resulting in over $650,000 being drained from user card balances due to compromised admin rights.

The attackers exploited the vulnerabilities and accessed sensitive information, allowing them to make unauthorized withdrawals. This incident has led to a significant impact on the native token solana:BANKJmvhT8tiJRsBSS1n2HryMBPvT5Ze4HU95DUAmeta, which has plummeted more than 32% in value.

Avici has acknowledged the issue and is working to resolve it. The company's statement on the matter does not provide further details or a timeline for when the problem will be fixed.