Crypto

Neobank Token Plummets 49% After $1.1M Crypto Card Hack

Guavy AI Editorial Team Published August 30, 2026

A neobank's token took a significant hit after it was revealed that hackers had breached its cryptocurrency card system, stealing $1.1 million in funds.

The incident occurred when cybercriminals compromised the neobank's crypto card platform, allowing them to make unauthorized transactions and steal a substantial sum of money.

As a result, the bank's token lost 49% of its value, with its price plummeting following the news of the hack.

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