SwissBorg suffered a hack resulting in losses of over $41 million in SOL

ChainCatcher news, the Swiss-based crypto platform SwissBorg announced on Monday that it suffered a hack in its SOL Earn program due to a breach of its staking partner's API, resulting in a loss of approximately 192,600 SOL (worth $41.3 million).

SwissBorg emphasized that this incident did not affect its own app or other Earn programs, and it committed to using its SOL treasury to help users recover most of the funds, while also collaborating with white-hat hackers and security partners to mitigate the losses as much as possible.