Solana-based Neobank Avici Suffers Over $1 Million Exploit

Solana-based neobank Avici has been hit by a persistent exploit resulting in the theft of over $1 million in user funds. The attacker's wallet currently holds 10,005.03 SOL, along with approximately $11,600 in USDC and USDT. The breach involved a specific sequence of calls to the protocol's upgradeable programs, which shared a single common account for upgrade permissions rather than a multi-signature setup. Avici acknowledged the issue nearly two hours after the initial theft, stating they are working with partners to resolve the withdrawal problems. On-ch