Neobanks

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Avici, a crypto neobank, suffered a $1.1 million exploit due to an outdated smart contract, with $500,800 directly drained from 1,685 users.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.