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SwissBorg Faces $41.5M Loss Due to Major Security Breach
CryptocurrencyCryptocurrency SecurityUpdated 16 hours ago

SwissBorg Faces $41.5M Loss Due to Major Security Breach

SwissBorg has suffered a significant security breach, resulting in a loss of $41.5 million from its SOL Earn Wallet. The hack, attributed to a compromised third-party API, affected 1% of users and 2% of assets, raising serious concerns about vulnerabilities in the cryptocurrency and decentralized finance sectors.

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The Protocol: SwissBorg’s SOL Earn Wallet Exploited for $41.5M
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SwissBorg's SOL Earn Wallet has been exploited, resulting in a loss of $41.5 million. This incident raises concerns about security in the cryptocurrency space.
Editor’s Note: This matters because it highlights vulnerabilities in cryptocurrency platforms, which can undermine user trust and impact the broader market. As more people invest in digital assets, ensuring their security is crucial.
SwissBorg loses 193K SOL in Solana exploit
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SwissBorg has lost 193,000 SOL due to a security exploit in the Solana blockchain, raising concerns about vulnerabilities in decentralized finance.
SwissBorg hacked for $41M SOL after third-party API compromise
NegativeCryptocurrency
SwissBorg suffered a significant hack, losing $41 million in SOL due to a compromised third-party API. This breach impacted 1% of users and 2% of assets.
Editor’s Note: This incident highlights the vulnerabilities in third-party integrations and raises concerns about the security of cryptocurrency platforms. Users need to be aware of potential risks when using such services.
SwissBorg hacked for $41M SOL after third-party API compromise
NegativeCryptocurrency
SwissBorg suffered a significant hack, losing $41 million in SOL due to a compromised third-party API. This breach impacted 1% of its users and 2% of its assets.
Editor’s Note: This incident highlights the vulnerabilities in third-party integrations and the importance of robust cybersecurity measures in the cryptocurrency space. It raises concerns for users about the safety of their assets.

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