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4w ago

SwissBorg Confirms $41 Million SOL Theft Via Partner API Breach

The loss was confined to the SOL Earn strategy, with the company pledging treasury-backed reimbursement for affected users.

SwissBorg loses 193K SOL in Solana exploit
Swissborg’s sol earn wallet exploited for $41.5m after partner's api is compromised
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Overview

  • Attackers drained about 193,000 SOL—roughly $41–41.5 million—by exploiting a compromised partner API tied to the SOL Earn program.
  • SwissBorg says fewer than 1% of users were impacted and that its main app and other staking products remain secure.
  • The company has allocated treasury funds for compensation, and the CEO says resources are sufficient to fully reimburse affected users.
  • White-hat teams, Fireblocks, the Solana Foundation, and blockchain investigators are tracing flows as multiple exchanges blocked related transactions.
  • SwissBorg says the theft represents about 2% of total assets under management and a significant portion of its Solana holdings, with recovery efforts ongoing.