🚨 SwissBorg Hack: $41M+ in SOL Stolen via Partner API Exploit (Kiln)
💻 On September 9, 2025, Swiss-based crypto platform SwissBorg suffered a major security breach, resulting in the theft of over 192,000 Solana (SOL) tokens — valued at approximately $41–42 million.
💡What happened?
- The vulnerability wasn't inside SwissBorg’s core systems, but rather through its integration with API partner Kiln — a well-known staking infrastructure provider.
- Hackers exploited the API connection to execute malicious transactions and siphon off large amounts of SOL.
🛡 SwissBorg’s response
- SwissBorg immediately suspended operations linked to the breach.
- The company committed to reimbursing affected users, using its own SOL reserves.
- Internal investigations and security reviews are now underway.
🔐 Kiln’s actions
As a precaution, Kiln temporarily shut down:
- its staking dashboard,
- API endpoints and widgets,
- transaction creation routes across all supported chains.
Kiln has not issued a public statement yet, but the swift deactivation of services suggests an active internal response and security audit
