SwissBorg loses $41M in SOL after partner API compromise affects earn program

Core Insights - SwissBorg experienced a $41 million theft due to a compromised partner API, affecting approximately 193,000 SOL and about 1% of its users [1][2] - The CEO confirmed that the main application remains secure and the company is committed to fully compensating affected users [2][3] Company Response - SwissBorg allocated treasury funds to cover user losses and has sufficient resources for complete reimbursement [3] - The company engaged white-hat hackers and security partners to recover the stolen funds through blockchain analysis and cooperation with exchanges [3][4] Security Measures - Multiple exchanges blocked transactions related to the attack, preventing some stolen funds from being liquidated [4] - The incident exclusively impacted users in the SOL Earn strategy, leaving other programs and funds unaffected [4] Financial Health - Despite the theft, the company's financial health remains stable, with the stolen funds representing about 2% of total assets under management [2][5] - The CEO emphasized the importance of learning from the incident and acknowledged the emotional impact on affected users [5][6] Future Actions - SwissBorg plans to implement additional security measures to prevent similar incidents and will collaborate with law enforcement agencies globally [6] - The CEO committed to providing regular updates and maintaining transparent communication regarding fund recovery efforts [6]