European crypto platform SwissBorg to reimburse users after $41 million theft
The SwissBorg platform said about $41 million worth of cryptocurrency was stolen during a cyber incident affecting a partner company this week.
The Switzerland-based company confirmed industry reports of an incident but said its platform was not hacked. CEO Cyrus Fazel explained that an external decentralized finance wallet held by a partner was breached on Monday.
The stolen funds represent 2% of SwissBorg’s total assets, according to Fazel, and about 1% of users had cryptocurrency stolen. In total, 192,600 Solana (SOL) coins were stolen — which is worth more than $41 million as of Tuesday afternoon.
In an update on Tuesday, the company pledged to make all affected customers whole and is still investigating the…
