ATLANTA, GA, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Trust Stamp announced a Turnkey Solution to Violent Crypto-Focused Home Invasions and “Wrench Attacks.” A recent attack in San Francisco, where a criminal posing as a delivery driver tied up a homeowner and forced an $11 million crypto transfer, has highlighted a growing wave of home invasions involving kidnappings, beatings, and even torture. The home invasions target cryptocurrency holders exploiting a fatal flaw in today’s digital-asset ecosystem: criminals ...

⚡️ LATEST: IBM unveils quantum chips targeting quantum advantage by 2026 with 10x faster error-correction and fault-tolerant systems by 2029.What does this mean for crypto security? https://t.co/jNOeoAOm31 ...

Core Insights - SwissBorg experienced a significant breach resulting in the loss of approximately $41 million worth of Solana, primarily affecting its SOL Earn product where users lock up their SOL for rewards [1] - The breach was traced back to Kiln, a third-party staking provider, which allowed attackers to access and move 193,000 SOL through a compromised API [2] - SwissBorg has committed to fully reimbursing affected users using its own Solana holdings, ensuring that no other parts of the platform were compromised [3] Financial Impact - The total amount lost represents about 2% of SwissBorg's overall assets, with around 1% of user accounts directly impacted by the breach [1] - Despite the loss, SwissBorg maintains that it is financially sound and that covering the stolen SOL will not affect other services [6] Response and Recovery - SwissBorg has engaged forensic experts to trace the stolen funds, and several crypto exchanges have frozen suspicious transactions related to the attack [4] - The company is collaborating with white-hat hackers to monitor wallet movements in an effort to track the stolen funds [4] User Reactions - User responses have been mixed, with some expressing gratitude for SwissBorg's quick action and transparency, while others raised concerns about the depth of integration with external providers [7] - The company's transparent response has helped alleviate some user anxiety following the breach [7] Operational Stability - SwissBorg has confirmed that its platform operations remain stable, with no indication of wider fallout from the breach [6] - The company is treating the incident as a top priority while ensuring that services continue to run normally [3]

Industry Collaboration & Security Initiatives - HTX joins TRM Labs as a founding member to launch the Beacon Network, a real-time crypto crime response network [1] - The Beacon Network aims to build an "iron wall" for the industry and safeguard the future of crypto [1] - The initiative involves collaboration with global partners including Coinbase, Binance, PayPal, Robinhood, Stripe, Kraken, Ripple, CryptoCom, Zodia Custody, Blockchain, Anchorage, Bitfinex, Poloniex, OKX, and 1inch [1] Focus on Crypto Security - HTX is committed to building an "iron wall" for the industry and safeguarding the future of crypto [1] - The industry emphasizes the importance of crypto security through collaborative efforts like the Beacon Network [1]