Stale Rain contract bleeds $1.1M across crypto card programs — AVICI sinks 49%
Avici, a crypto neobank, suffered a $1.1 million exploit due to an outdated smart contract, with $500,800 directly drained from 1,685 users. Fellow neobank Tria also reported losses totaling $430,000 from its users. The vulnerability affected multiple programs using Rain's card infrastructure, leading to a significant drop in Avici's token value.
- Entities
- Company: Avici
- Company: Visa
- Company: Tornado Cash
- Company: Third National
- Topic: Smart Contracts
- Company: Rain
- Topic: Cybersecurity
- Topic: Cryptocurrency
- Company: Tria
- Topic: Neobanks
- Company: Federal Bureau of Investigation
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