Swissborg, a Switzerland-based crypto management platform, said hackers who took advantage of a weakness in staking partner Kiln, who drained about 193,000 Solana tokens from the revenue program.
Swissborg app and other earning products are not affected by hack, the company wrote in a post on X. The stolen sol (Sol) Tokens cost about $ 41 million at the time of writing.
The violation is derived from kiln, a staking infrastructure provider that produces products on blockchains such as Solana and Ethereum.
An API attack targets the “bridge” software that connects two systems. In Swissborg’s case, its app relies on Kiln’s API to talk to Solana’s staking network. By compromising the API, hackers were able to manipulate requests and stop funding.
Swissborg said that despite the hack, the company remains well with financial health, the sun -day operation will not be affected and the affected users will be directly interacting via email.
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A ‘bad day’ but not a deadly blow
Swissborg CEO Cyrus Fazel Naka -host An X space on Monday shortly after the company’s announcement that it was hacked. According to Fazel, the violation affects users who deposit Solana tokens in its Earn program, which costs about 1% of the customer base and 2% of total ownership.
“It’s a huge amount of money, but it doesn’t put Swissborg at risk,” the spokesman said.
The Solana Earn program of Swissborg gives users to deposit Sol through its app to earn staking rewards, using the infrastructure provided by Kiln. The product is part of the broader Swissborg suite that earns offering offering as BTC and ETH, which is designed to give users a simply access to staking harvests without managing validator nodes or direct defi protocols.
The company has promised to repay the affected users, who have noticed that “in the current treasury we have, we can do that,” while also emphasizing that it is working with international agencies, exchanges and white-hat hackers to assist in the investigation, and some transactions have been blocked.
Calling it “a bad day for Swissborg,” Fazel said the incident would eventually serve as an experience of studying for the company.
Blockchain data shows the stolen funds have been raised in a Solana purse labeled in Solscan as “Swissborg exploiter,” which advises users to take care of when in contact.
The cointelegraph reached the Swissborg and Kiln to comment, but did not receive an immediate response.
