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The Protocol: SwissBorg’s SOL Earn Wallet Exploited for $41.5M
Yahoo Finance· 2025-09-10 18:16
Group 1: SwissBorg Incident - SwissBorg reported that approximately 192,600 SOL, valued at $41.5 million, was stolen from an external wallet used for its SOL Earn strategy due to a compromised API from a partner [1] - The exploit affected fewer than 1% of users and represented about 2% of SwissBorg's total assets, with all other funds and strategies remaining secure [1] - SwissBorg is pausing SOL Earn redemptions while recovery efforts are underway and has committed to covering any shortfall to ensure no user losses [1] Group 2: Ledger Warning - Ledger's CTO, Charles Guillemet, warned of a large-scale supply chain attack after a reputable developer's NPM account was compromised, with malicious code affecting packages with over 1 billion downloads [2] - The malicious code is designed to swap crypto wallet addresses in transactions, potentially leading users to send funds directly to the attacker [2] - Guillemet noted that almost zero crypto users were affected by the hack, highlighting the interconnectedness of open-source software and the rapid impact of security lapses in developer tools on the crypto economy [2]