Avici attack drains over $1M from Solana users

A phishing campaign targeting Solana neobank Avici has resulted in significant losses for users. Attackers created a fraudulent website impersonating the platform and successfully extracted cryptocurrency from user collateral accounts. The incident has also coincided with the AVICI token reaching an all-time low, suggesting broader confidence damage to the platform.

The exact theft amount varies across reports, with losses documented between $600,000 and over $1 million. The attackers allegedly added themselves as administrators to affected accounts before withdrawing funds, indicating a sophisticated approach to maintaining access. The breach underscores ongoing security risks in the Solana ecosystem and the continued effectiveness of phishing tactics targeting crypto users.

• Phishing attack impersonating Avici drained between $600K-$1M+ from user accounts on the Solana-based neobank platform.
• Attackers reportedly added administrator privileges to accounts before withdrawing funds, suggesting pre-meditated account takeover.
• AVICI token hit an all-time low following the incident, indicating market reaction to the breach.