Phishing Attack on Avici Neobank Results in $600K Theft

Phishing Attack on Avici Neobank Results in $600K Theft

First seen 29 Aug 2026, 17:19 UTC CryptobriefingCryptonewsCryptorankAltcoinbuzzbitcoinworld.co.in 68.2

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A phishing attack targeting users of the Solana-based neobank Avici has drained over $600,000 from customer accounts. The fraudulent website impersonated Avici, tricking users into connecting their wallets, which allowed attackers to execute unauthorized transactions. The attack appears to have exploited social engineering tactics, with users lured through fake airdrop claims and other deceptive means. Avici's official platform has not been compromised; instead, the losses stem from users connecting to malicious sites. The incident has led to a significant decline in the AVICI token's value, dropping approximately 27% to $0.30. This event underscores the ongoing risks of phishing in the decentralized finance sector, where user vigilance is critical. Avici has not confirmed the specific methods used in the attack but is investigating the incident. Users are advised to be cautious and verify website authenticity before connecting their wallets.

Key Points: • Over $600,000 stolen from Avici users via phishing attacks. • Users were tricked into connecting wallets to fraudulent sites. • AVICI token value dropped approximately 27% following the incident.

Timeline

2025-01-05
Initial phishing attempts reported
Smaller phishing incidents targeting Avici users drained minor amounts, indicating early signs of a coordinated attack.
Cryptobriefing
2026-08-29
Major phishing attack drains $600K
A phishing site impersonating Avici successfully drained over $600,000 from user accounts by exploiting wallet connection permissions.
Cryptorank
2026-08-29
AVICI token value drops
Following the phishing incident, the AVICI token's value fell approximately 27%, reflecting market distrust.
Altcoinbuzz