Swiss Crypto Platform SwissBorg Hit by $41.5M SOL Hack After Partner API Compromise
Swiss crypto platform SwissBorg lost $41.5 million worth of Solana (SOL) tokens after hackers compromised partner API provider Kiln, marking the latest in a devastating series of cyber attacks that struck the crypto ecos...
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Swiss crypto platform SwissBorg lost $41.5 million worth of Solana (SOL) tokens after hackers compromised partner API provider Kiln, marking the latest in a devastating series of cyber attacks that struck the crypto ecosystem within hours of each other.
On-chain investigator ZachXBT reported that approximately 192,600 SOL tokens were stolen from SwissBorg’s SOL Earn program, affecting less than 1% of users.
The platform immediately allocated its SOL treasury to cover most user losses while engaging white-hat hackers for fund recovery efforts.
SwissBorg confirmed that its SOL treasury will compensate affected users for the majority of their losses, with final figures to be determined.
The company emphasized that its strong financial health remains intact, and it will continue day-to-day operations unaffected by the security incident.
SOL Earn Incident & SwissBorg Recovery Plan
A partner API was compromised, impacting our SOL Earn Program (~193k SOL,
Why this matters
This security story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
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