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Avici attack drains over $1M from Solana users

Summary by crypto.news
An ongoing attack against Solana-based crypto card platform Avici has reportedly drained more than $1 million from user collateral accounts while sending its AVICI token to an all-time low. Avici attacker adds administrators before withdrawals According to reports, the suspected…

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Avici, a next-generation banking platform operating within the Solana ecosystem, has faced a serious security incident. According to on-chain data, the attacker, using only $190 in initial capital, seized approximately $670,000 worth of assets from user accounts. Following the incident, the price of the AVICI token dropped by over 45%. According to initial information reported by SolanaFloor, Avici users […] Source: Bitcoinsistemi.com

According to ChainCatcher, Solana's new bank, Avici, has been under continuous attack, with attackers stealing over $1 million from users. The attacker's wallet held 10,005.03 SOL (approximately $1.07 million) and approximately $11,600 in USDC and USDT. The attack pattern was as follows: first, the Avici authorization program's SubmitSignatures function was invoked; then, the collateral program's AddCollateralAdmin function was invoked; finally,…

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Crypto Briefing broke the news on Friday, August 28, 2026.
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