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SwissBorg Suffers Hacker Attack, Loses Approximately $41 Million USD Worth of SOL

6 hours ago

On September 9th, as per The Block, the crypto platform SwissBorg based in Switzerland declared that due to a security vulnerability incident, the company suffered a loss of approximately $41 million worth of SOL. SwissBorg emphasized that this vulnerability was not associated with the company's application but was related to a staking partner. It was reported that the "partner's API was compromised," which led to an attack on its SOL Earn Program. SwissBorg stated that they intend to use their SOL treasury to assist users in "recovering the majority of the balance," and the specific amount will be finalized soon. Meanwhile, the company also mentioned that they have been collaborating with white-hat hackers and security partners to try to recover the stolen funds with the aim of "ensuring full compensation for all users."
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