Avici pledges full refunds as hackers hit Ajna next

What happened

Avici, a Solana-based neobank, pledged full refunds for all affected card balances after an August 28 breach drained user funds. The same exploit run hit Ethereum lending protocol Ajna a day later, according to Avici's August 28 post on X.

Confirmed

Global impact / market context

These hacks show that even newer financial apps on blockchains can lose customer money, hurting trust. Refunds help Avici users but signal that security flaws remain a real risk for anyone using crypto-based banking or lending services.

Analyst inference

The incidents involve SOL and ETH, two major cryptocurrencies. A security breach can make investors cautious about blockchain projects, possibly affecting token prices. However, refund promises might soften negative reactions, as they show some accountability within the crypto sector.

Analyst inference

What to watch

1. Avici stated it will refund every affected card balance in full after the breach, which is a confirmed promise investors will track for actual payout completion. Confirmed
2. Watch whether Ajna, the Ethereum lending protocol hit a day later, offers any similar compensation plan to affected users, as no refund has been mentioned yet. Proposed
3. Investors should watch if these hacks lead to stricter security checks or new rules for blockchain banks and lending platforms, which could raise costs or slow growth. Analyst inference

Affected assets

• ETH — Ethereum
• SOL — Solana

Evidence

• cryptopolitan.com