Avici Suffers $1M Loss in Ongoing Attack on Crypto Card Platform

A Solana-based crypto card platform called Avici has suffered an ongoing attack that drained over $1 million in user collateral, causing its AVICI token to plummet nearly 50% to an all-time low.

The attacker added unauthorized administrators to user accounts before withdrawing the funds, exploiting weaknesses in Avici's authorization controls.

Avici acknowledged the withdrawal issue but has not confirmed the total losses or the number of affected users.