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SwissBorg loses $41M in SOL after partner API compromise affects earn program
Yahoo Finance· 2025-09-08 21:05
SwissBorg shield faces a cracked “API” pipe spilling Solana tokens toward a vault on a dark network grid, symbolizing the partner compromise and fund drain. Swiss crypto platform SwissBorg suffered a $41 million theft when attackers compromised a partner API, draining approximately 193,000 SOL from the company’s Earn program and affecting roughly 1% of users. CEO Cyrus Fazel addressed the incident during a Sept. 8 live broadcast, confirming that SwissBorg’s main application remains secure while emphasizi ...