Crypto Card Hack Costs $1.1M, Sends Neobank's AVICI Token to Record Low

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A cyberattack targeting a neobank's crypto card system resulted in losses of approximately $1.1 million. The exploit triggered a sharp sell-off in the neobank's native AVICI token, which plunged 49% from its 24-hour high. The token hit a record low in the aftermath of the breach before partially recovering some of its losses. The incident highlights ongoing security vulnerabilities facing crypto-linked financial platforms.

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