SwissBorg Vows No User Loss After Staggering $41M SOL Heist

SwissBorg gets walloped by a $41 million SOL exploit—yet somehow promises clients won't feel a cent of the pain.

Behind the breach

Attackers targeted the platform’s infrastructure, siphoning SOL in a meticulously executed theft. No user wallets were directly compromised—SwissBorg insists the damage stays on their balance sheet.

Damage control in real time

The team froze withdrawals the moment alarms blared. They’re now working with chain analysts and law enforcement to trace the funds—standard protocol, but urgency screams through every update.

Safety net or smoke screen?

SwissBorg claims its treasury is strong enough to absorb the hit. No bailouts, no passing the buck—just corporate capital taking one for the team. How very noble—or desperately necessary.

Crypto’s brutal reminder: if you aren’t getting hacked, you’re not trying hard enough to hold other people’s money.

Exploit Targets Staking Partner Kiln

Hours before the post, SwissBorg confirmed that hackers had stolen more than $40 million worth of Solana tokens by exploiting a vulnerability in Kiln’s API. Kiln, a staking infrastructure provider supporting blockchain yield products like SwissBorg’s SOL Earn, was targeted, allowing attackers to drain approximately 193,000 SOL.

The attack didn’t hit SwissBorg itself. Hackers found a loophole in Kiln’s API, which connects SwissBorg’s app to Solana staking. Only the SOL Earn strategy got affected; everything else was totally safe. SwissBorg acted fast, and Cyrus’s post made it clear they’re focused on being transparent and protecting users. 

They also said they’ll cover any losses, so no one loses money. The investigation is still going on, and SwissBorg shared that it will keep users and the crypto community updated as they learn more.

Also Read: Nemo Protocol on sui Blockchain Loses $2.4M in Oracle Exploit