SwissBorg CEO Cyrus confirmed on Monday that the company’s team is actively investigating the incident resulting in a significant loss of Solana (SOL) tokens. He assured the community that no user will bear any financial losses, emphasizing two key points: first, SwissBorg will not be responsible for any shortfall in recovered funds, and second, this was not an attack on the SwissBorg platform itself. The CEO’s statement further clarified that while a vulnerability in Kiln’s API allowed hackers to drain approximately $40 million worth of SOL, user funds remain fully secure as no other strategies were impacted. SwissBorg highlighted their collaboration with various organizations like Security Alliance, ZachXBT, Chainalysis, FireblocksHQ, Kiln Finance, and the wider community for swift assistance during the incident. The company’s statement also addressed the attack itself, stating that hackers exploited a loophole in Kiln’s API which connects SwissBorg’s app to Solana staking. This specific strategy was affected, with other strategies remaining untouched. The investigation is ongoing, and SwissBorg pledged to keep users and the crypto community informed as they learn more.