SwissBorg’s SOL Earn Wallet Exploited for $41.5M After Partner's API Is Compromised

SwissBorg’s SOL Earn Wallet Exploited for $41.5M After Partner's API Is Compromised

Roughly 192,600 SOL was drained from a counterparty wallet tied to a SOL Earn product on Swissborg. The crypto exchange committed to making the losses whole.

SwissBorg CEO blames $41M loss on staking partner Kiln

SwissBorg CEO Cyrus Fazel denies that hackers breached his wealth management firm to steal $41 million, instead blaming the exploit on an external DeFi wallet held by its SOL staking partner Kiln.  The theft, which was first reported by crypto sleuth ZachXBT on Monday, has already been compared by blockchain security specialist Chaofan Shou to the 2025 ByBit hack. Shou noted that a week-old unstaking transaction gave the hacker withdrawal author…

Crypto Platform SwissBorg Loses $41M in Hacker Attack

Crypto Platform SwissBorg Loses $41M in Hacker Attack Cryptocurrency platform SwissBorg has announced a security breach that has resulted in the loss of approximately 192,600 SOL.

SwissBorg Covers $41M SOL Exploit Losses, Vows User Protection - The Blockopedia

SwissBorg users got some unsettling news this week. The crypto platform confirmed a security exploit hit its SOL Earn program,… The post SwissBorg Covers $41M SOL Exploit Losses, Vows User Protection appeared first on The Blockopedia.

SwissBorg to Compensate Users After $41M Solana Staking Hack

Switzerland-based cryptocurrency platform SwissBorg confirmed on Monday that it suffered a major security breach in its Solana staking program.