Avici Hack Losses Exceed $1 Million as Funds Are Routed Through Tornado Cash

  • Avici suffered a hack with losses exceeding $1 million.
  • The FVNFzq address swapped 10,000 SOL for $1.02 million in USDC.
  • Funds later entered Tornado Cash after conversion into approximately 418 ETH.

Losses from the hack of Solana-based neobank Avici have exceeded $1 million. A hacker address beginning with FVNFzq swapped 10,000 SOL for approximately $1.02 million in USDC, then bridged the funds across chains into about 418 ETH. The assets were subsequently deposited into Tornado Cash, a mixing protocol mainly used for money laundering. The attacker is believed to have exploited vulnerabilities in smart contract permissions and signature verification, according to Onchain Lens.

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