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A $1.1 million crypto card hack crashed a neobank's token 49%: CryptoDailyInk

Key Insight

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.

September 1, 2026, 12:00 AM · 1 min read

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.

What happened

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.

Why it matters

The development has potential consequences for crypto market structure, investor positioning, and the competitive landscape around digital-asset infrastructure.

What comes next

Editors should review the source material, confirm facts, and publish a refined version with any additional context required for the CryptoDailyInk standard.

Market Signal

The story affects crypto market positioning or infrastructure. The source context has been rewritten into an editorial structure. An editor should review facts before publication if fallback mode is used.

Contributing Author at CryptoDailyInk

Covers regulation, enforcement, and legislative crypto policy shifts.