Hack losses at Solana-based Avici top $1M

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