🚨 JUST IN: Over $1M stolen from users of Solana neobank Avici.

A prolonged attack caused the attacker to withdraw more than $1M in users’ assets.

The attacker is currently believed to hold:
• 10,005 SOL ≈ $1.07M
• ~$11.6K USDC + USDT

Notably: Avici’s upgrade permission system is said to use a regular Solana account instead of a multisig.

And Avici only confirmed the incident 1 hour 53 minutes after the first stolen transaction.

DeFi lesson of the day:
“Multisig? Nah, one wallet is enough.” 💀

#solana #defi #crypto #Hack