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Wire · market

Solana Neobank Avici Hacked for $650,000. Token Crashes 40%

28 August 2026 · By · Wire by Fusion42

Published

28 August 2026

Topic

market

◆ Sectors

FintechCrypto & Web3

◆ Geography

United States

◆ Source

Read at beincrypto.com →

◆ Verified

Fusion42 · 28 August 2026 · Fusion42 review

Avici, a Solana-based neobank, was hacked for $650,000, causing its native token to crash by 40%, shaking investor confidence and highlighting security vulnerabilities in the Solana DeFi ecosystem.

This Wire brief sits within Fusion42's coverage of Fintech and Crypto & Web3.

◆ ◆ The Wire takeaway

You must prioritise security hardening and crisis communication if you run a token-based fintech on Solana or similar chains. Token crashes from exploits can wipe out customer trust overnight and open a window to new competitors.

◆ Coverage

1 source · 28 Aug 2026

◆ Related on Wire

◆ Topics

FintechCrypto & Web3solananeobankhacktoken-crashdefi-security