At 16:49:48 UTC on Friday, August 28, 2026, a Solana wallet funded three hours earlier with 1.79 SOL, bought with about $190 of USDC bridged from Ethereum, began emptying card-balance accounts belonging to users of Avici, a Solana neobank. Avici’s card terms, last updated June… Show allShow less
At 16:49:48 UTC on Friday, August 28, 2026, a Solana wallet funded three hours earlier with 1.79 SOL, bought with about $190 of USDC bridged from Ethereum, began emptying card-balance accounts belonging to users of Avici, a Solana neobank. Avici’s card terms, last updated June 23, 2025, say that “Avici and Issuer will not, in any circumstance, be holding custody of your Collateral.” That sentence was true in the sense the lawyers meant it. It did not stop the drain. By Avici’s own reconciliation, posted at 20:44 UTC, 1,685 users lost $500,859.22 from a “Solana card contract used by Avici and…