SwissBorg Exploited for $41M in Solana Tokens, According to Reports
SwissBorg confirms a $41 million loss in Solana tokens due to a vulnerability in a partner’s API, assures full compensation for affected users.
SOL
Summary
SwissBorg confirmed a $41 million loss in Solana (SOL) tokens, caused by a vulnerability in its partner Kiln's API. The breach affected a small portion of users, with the company promising full compensation from its Solana treasury. SwissBorg is working with security experts to recover the stolen funds and strengthen its platform’s security.
Terms & Concepts
- $SOL: The native cryptocurrency of the Solana blockchain, used for transactions, staking, and powering decentralized applications.