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Over $1M drained from Solana-based Avici crypto card platform amid token price crash

Market News
28 Aug 2026
Crypto news
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Bearish
Over $1M drained from Solana-based Avici crypto card platform amid token price crash

Avici, a Solana-based crypto card platform, 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 collateral, 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. The incident raises questions about the platform's self-custody claims and highlights risks in crypto payment infrastructure. The company is investigating and working with partners but has yet to provide detailed explanations or user compensation plans.

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