CRYPTO
A $1.1 million crypto card hack crashed a neobank's token 49%
CoinDeskSaturday, August 29, 2026 at 11:49 PM
RedScroll Brief
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.
RedScroll Signal
- Impact
- High
- Category
- Crypto
- Market relevance
- High
- Why it matters
- Crypto moves are a live stress test of liquidity, regulation, and narrative risk. 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. Watch liquidity and volatility around Crypto — crypto markets reprice narrative risk quickly.
Desk copy
RedScroll Briefing
Extractive editorial brief — not a reprint of the original
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
Crypto moves are a live stress test of liquidity, regulation, and narrative risk.
Background
CoinDesk reported on this under crypto. RedScroll surfaces the signal with an extractive brief — not a reprint of the original article. Read the source for full reporting.
Timeline
CoinDesk published: A $1.1 million crypto card hack crashed a neobank's token 49%
Story is in today’s RedScroll edition. Follow the original source for updates.
Economic impact
Watch liquidity and volatility around Crypto — crypto markets reprice narrative risk quickly.
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Source
CoinDesk
Original reporting by CoinDesk. RedScroll provides an extractive briefing only.