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Morning Edition · Sunday, August 30, 2026Published at 1:48 AM EDT · New York
Attackers Take About $1 Million From Solana Card Platform Avici and $775,000 From Ajna
The Avici attacker registered as an administrator of user collateral accounts before withdrawing, while Ajna lost funds to manipulated liquidation accounting across seven Ethereum pools.
Two separate attacks drained user funds this week, and in both cases the exploited code did exactly what it was written to do. Avici, a Solana-based platform issuing payment cards against crypto collateral, lost more than $1 million. The at…
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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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