$1.1 Million Crypto Card Hack Sends AVICI Token Plummeting 49%

A security breach affecting a crypto‑linked payment card resulted in a loss of roughly $1.1 million. The incident immediately impacted the neobank’s native token, AVICI, causing a dramatic price decline.

Price Impact

Following the exploit, AVICI fell 49% from its 24‑hour high, hitting a record low on the market. After the initial sell‑off, the token managed to recover a portion of the losses, narrowing the decline.

Market Reaction

Traders responded swiftly to the news, with the token’s volatility spiking as investors reassessed risk exposure linked to the neobank’s operations.

Key Takeaways

• Exploit involved a $1.1 million crypto card hack.
• AVICI token dropped 49% from its recent high.
• The token reached a record low before partially regaining value.