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SwissBorg Exploited, Losing 192.6K SOL ($41.5M)While not a massive exploit—impacting only about 1% of users and 2% of assets—it still hurts nonetheless. I am sure customers will not feel any impact.

A partner API was compromised

Next Q: Will the hackers dump it on the market? Most probably not, they'll sit tight on the bag for a while to avoid crashing the price or drawing immediate attention, especially since the theft address shows no recent movements yet.

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CL

I still can’t understand why these thief’s can’t be tracked and the funds recovered if the beauty of the blockchain is that you can plainly see the address of the thief who stole the assets

Papa aka TheRealOriginalGreyGhost

The greatest argument here: "Hardware wallet users retain protection if they verify transaction details before signing, while software wallet users face a higher risk. Guillemet advised."

john Chu

It was not on SwissBorg side

Bjørn Arne Sivertsen

Hi, I am considering swapping my Cleanspark shares for Upexi. Any opinions on these two? Reason is i think SOL has considerable upside potensial the next 2 quarters.

Crypto Explorer

TLDR: Family was scammed, I provided all needed info to government authorities, they did nothing even though Binance was freezing the scammer funds. Moral of the story: PROTECT YOURSELF they aren’t going to help you! My family member was scammed into using a BTC ATM to send $12k (silly I know). I used the Bitcoin blockchain explorer FOR THE FIRST TIME EVER and could see the scammer sent it to three other wallets, then to a binance wallet (binance labels their wallets so it said Binance 4). I contacted Binance support, explained, sent them the receipt of the transaction and they verified it, and froze wallet of the user. They said they could only freeze it a few days without authorities and gave me the contact portal to provide US authorities. After calling everyone, Sherrif’s office, local police, state attorney general, state dept of law enforcement, FBI, & secret service….finally get the case assigned to a task force under the county sherrif. I give them all the info. They are dismissive and say they will do their own trace. Turns out they sent it to the Secret Service to trace and by the time they heard back Binance had to unfreeze the account because the task force didn’t get in touch with them and it was all gone…. The wallet had moved over $300k through it that month. My only experience was ETH and Solana block explorers. As you say, shit can be traced, EASILY. Our governments are just INEPT and SLOW and WORTHLESS at helping their citizens.

DrTSPC

This re-raises the question: How secure will a US SBR be, with the deep state teeming with stupid, evil folks?

LonghornPharmD

I’ve lost a lot in Upexi since James talked about it… but I’m holding bc at this point there’s not much else for it to go but up

LonghornPharmD

Anyone else expecting a turnaround in Upexi? Lost a lot and deciding to continue holding for rate cuts or ditch it.

CryptoBong

It’s strange. $SOL is alright but $UPXI is just down. Should have taken my profits when I could. My bad. Now waiting for that Alt cycle to rev up. Will sell both. Ultimately it’s all about $BTC

Rafa

Multiple multisigs to hold the assets. Only able to send anything with 10 signatures and done. (Ofc, something like that but you get the idea)

Bill S

Well got me. Saw on X.com. "Jupiter Airdrop" what could go wrong ? Had my whole Alt.Solana wallet On Phantom wallet cleaned out in a minute. All the Solana Alt projects James had talked about a few years ago. Jupiter was finally in the green. I deleted the link as I had received absolute venom from fellow Patreon members who thought I was wrong to post it. Not a word of "sorry that happened to you" or anything even remotely human. Just criticism. LOL. I had posted the link so others would not fall for the same scam. FYI, The link itself did nothing. You had to attach it to ones wallet. in my case Phantom wallet.

Hollie Bop tv

i had 10k of sol unstaked and withdrawn from my phantom wallet , again i suspect jupiter was the culprit

Bill S

Sorry to hear that !!!! That's a lot. Did it happen without you confirming a transaction ? In my case, I believed I was connecting my Phantom wallet to get a Jupiter air drop. I had heard James talk about various air drops and I just never was able to get one previously. It was early morning, I should have investigated it further.