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Morning Edition · Saturday, August 29, 2026Published at 1:48 AM EDT · New York
Attacker Registers as an Administrator on Avici and Withdraws More Than $1 Million From Solana Card Users
Both of the platform's programs shared a single upgrade key rather than a multisignature setup, and the team acknowledged the theft nearly two hours after the first withdrawal.
An attacker drained more than $1 million from user collateral accounts at Avici, a Solana-based crypto card platform, by giving itself administrative rights and then withdrawing. The sequence ran through the platform's own authorization pro…
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Losses Move to Components That Worked as Designed
A growing share of DeFi losses will come not from buggy contract code but from components behaving exactly as specified — oracle forwarders, validator signature sets, governance votes and other trusted off-contract inputs — so audits and bug bounties scoped to on-chain code keep missing the failure surface, and protocols will be repeatedly forced to extend review, scope and monitoring to their privileged operational infrastructure.
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