SwissBorg, a Swiss crypto wealth management platform, suffered a significant $41 million hack on September 8th. The exploit stemmed from a vulnerability in partner Kiln’s API, impacting the platform’s SOL Earn program and siphoning approximately 192,600 SOL tokens. While only around 1% of users were affected, SwissBorg assured its users that core systems and other services remain secure. The company is working with blockchain investigators and security partners to recover stolen funds. To bolster security protocols moving forward, the platform plans to enhance third-party risk oversight and strengthen existing safeguards. This incident underscores the importance of careful integration practices in DeFi while raising concerns about risks associated with API vulnerabilities.