According to SwissBorg, a cryptoexchange platform, $41 million worth of cryptocurrency was stolen from an external wallet used for its SOL earn strategy in a cyberattack that also affected a partner company. The company, which is based in Switzerland, acknowledged the industry reports of the attack but has stressed that the platform was not compromised.
CEO Cyrus Fazel said that an external finance wallet of a partner was compromised. The incident happened due to hacking of the partner’s API, a process that lets software customers communicate with each other, impacting a single counterparty. It was not a compromise of SwissBorg, the company said on X.
SwissBorg said that the hack has impacted fewer than 1% of users. “A partner API was compromised, impacting our SOL Earn Program (~193k SOL, <1% of users). Rest assured, the SwissBorg app remains fully secure and all other funds in Earn programs are 100% safe," it tweeted. The company said they are looking into the incident with other blockchain security firms.
All other assets are secure and will compensate for any losses, an
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