UPDATE: All affected card balances will be refunded in full
Earlier today, our card-issuing partner, Rain, identified a vulnerability in an version of a Solana card contract used by Avici and a small number of other programs. The contract has now been upgraded across all programs, and no further unauthorised activity has been observed.
Avici wallets and card balances are separate. Avici wallets are self-custodial and remain under users’ control.
When users top up their cards, funds move into a separate Solana contract that holds their card balance. Only this contract was affected.
Note: Funds held in Avici’s Solana and EVM wallets are safe and were not affected.
Our current reconciliation shows that 1,685 users were affected, representing $500,859.22 in card balances.
Every affected user will have their card balance refunded in full. We remain in close contact with our card-issuing and security partners and are monitoring the remediation closely.
Avici has also filed a report with the FBI’s Internet Crime Complaint Center. We are deeply sorry for the concern and inconvenience this has caused.
UPDATE: All affected card balances will be refunded in full
Earlier today, our card-issuing partner, Rain, identified a vulnerability in an version of a Solana card contract used by Avici and a small number of other programs. The contract has now been upgraded across all programs, and no further unauthorised activity has been observed.
Avici wallets and card balances are separate. Avici wallets are self-custodial and remain under users’ control.
When users top up their cards, funds move into a separate Solana contract that holds their card balance. Only this contract was affected.
Note: Funds held in Avici’s Solana and EVM wallets are safe and were not affected.
Our current reconciliation shows that 1,685 users were affected, representing $500,859.22 in card balances.
Every affected user will have their card balance refunded in full. We remain in close contact with our card-issuing and security partners and are monitoring the remediation closely.
Avici has also filed a report with the FBI’s Internet Crime Complaint Center. We are deeply sorry for the concern and inconvenience this has caused.
🚨 Another crypto neobank reportedly hacked, just like i said.
More than $600K has reportedly been drained from user accounts at @avici, a Solana-based neobank.
And this is exactly why I keep saying:
Don’t choose a crypto card just because an influencer is promoting it.
The crypto card/neobank market is moving insanely fast.
New cards launch
Influencers promote them
Users deposit money
Everyone talks about cashback, rewards, FX rates and perks
But the most important question is often the one nobody asks:
How safe is my money?
Who actually holds the funds?
What security infrastructure is being used?
Has the company been battle-tested?
What happens if the platform gets hacked?
Is there insurance or any protection?
Who is ultimately responsible when something goes wrong?
A 5% cashback rate means nothing if you lose 100% of your funds.
As more people start using stablecoins as everyday money, security, custody and trust need to become first-class metrics when comparing crypto cards and neobanks.
Don’t blindly trust the hype.
Do your own research before putting serious money into a new platform.
Trade and earn. We didn't see you on the leaderboard.
Buy. HODL. Earn. You are still missing from the leaderboard.
What's your problem with generational wealth?