A cyberattack targeted SwissBorg’s partner company Kiln, resulting in the theft of over $41 million worth of Solana cryptocurrency through API breaches. The company is actively working with security firms and law enforcement to recover funds and protect users, emphasizing their commitment to resolving the incident. #Kiln #SolanaAPI
Keypoints
- SwissBorg reported a theft of approximately $41 million worth of Solana cryptocurrencies due to an attack on a partner’s API.
- The breach originated from Kiln’s API, used by SwissBorg to communicate with the Solana blockchain.
- SwissBorg has paused Solana staking transactions and engaged security experts to investigate the incident.
- The company is cooperating with law enforcement and blockchain security firms to recover the stolen funds.
- This incident follows recent major cryptocurrency thefts, highlighting ongoing cybersecurity vulnerabilities in the industry.
Read More: https://therecord.media/swissborg-platform-solana-cryptocurrency-stolen