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SwissBorg Loses $41M in SOL Due to Security Breach
CryptocurrencySwissBorg HackUpdated 14 hours ago

SwissBorg Loses $41M in SOL Due to Security Breach

SwissBorg has suffered a major security breach, losing $41 million in SOL after a third-party API was compromised. This incident has raised alarms about vulnerabilities in decentralized finance, affecting 1% of users and 2% of assets. The loss of 193,000 SOL further highlights the risks associated with digital asset management.

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SwissBorg loses 193K SOL in Solana exploit
NegativeCryptocurrency
SwissBorg has lost 193,000 SOL due to a security exploit in the Solana blockchain, raising concerns about vulnerabilities in decentralized finance.
Editor’s Note: This incident is significant as it underscores the ongoing security challenges in blockchain technology, which could erode trust in decentralized financial systems and impact investors' confidence.
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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