Avici, the crypto neobank that suffered a $500K hack, has pledged to fully repay victims.

Additionally, the firm assured its users that the vulnerability that enabled the exploit has been resolved by its card-issuing partner, Rain. 

Over 1600 Avici victims to be refunded

In an update on the 28th of August, Avici said that 1,685 users were affected by the incident. This translated to $500,859.20 in impacted card balances. The firm added, 

Every affected user will have their card balance refunded in full. We remain in close contact with our card-issuing and security partners and are monitoring the remediation closely.

Separately, Rain reinforced the full repayment process, noting that the bug impacted a “small number of…