Swiss crypto exchange Swissborg has reported a $41 million hack involving a DeFi wallet from staking provider Kiln, affecting its SOL-EARN program. The breach, which occurred last week, impacted less than 1% of users and represents only 2% of Swissborg's total assets. CEO Cyrus Fazel confirmed that Swissborg's systems remain secure and operations are unaffected.
Withdrawals from the SOL-EARN strategy have been temporarily suspended, but Swissborg has assured customers that there will be no losses, with any shortfalls covered by their SOL Treasury. The exchange is working with blockchain security experts and law enforcement to recover the funds, with an official announcement expected soon.
Swissborg Hit by $41M Hack, Ensures Customer Funds Safe
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