Crypto Card Hack Costing $1.1 Million Triggers 49% Plunge in Neobank's AVICI Token
Source Summary
A $1.1 million exploit targeting a neobank's crypto card caused its AVICI token to crash 49% from its 24-hour high, reaching a record low before recovering some losses. The security breach directly impacted the token's market value.
Why it matters
Security breaches at cryptocurrency platforms can trigger immediate and severe token devaluation, directly harming investors and undermining confidence in the platform.
