The exploit caused the neobank's AVICI token to drop 49% from a 24-hour high, hitting a record low before paring some of the losses.

  • A vulnerability in an outdated Rain contract led to a $1.1M Solana-based hack, impacting multiple programs, including $500,800 from 1,685 Avici users.
  • The exploit caused the neobank's AVICI token to drop 49% from a 24-hour high, hitting a record low of $0.217 before slightly recovering to $0.305.
  • Avici confirmed the breach was limited to card-funding contracts, not self-custodial wallets, and has pledged full refunds for all affected balances.
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The Definitive Stablecoin Landscape Series: Asia Pacific

As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

Why it matters :

As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

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