AVICI Token Falls 49% After $1.1 Million Crypto Card Exploit

The AVICI token of a neobank plunged after an exploit involving a crypto card resulted in losses of $1.1 million, according to CoinDesk. AVICI fell 49% from its 24-hour high and reached a record low during the sell-off before recovering part of the decline. The move highlights the sharp market reaction to security incidents involving crypto-focused financial platforms. No further details about the exploit or the affected neobank were provided in the source material. The token’s reported low marks the weakest level recorded in the incident, while the subsequent partial rebound left AVICI below its earlier 24-hour peak.