$41 Million in Solana Stolen from SwissBorg's Earn Program by Hackers
Hack Details: SwissBorg reported that hackers exploited a vulnerability in its staking partner Kiln, stealing approximately 193,000 Solana tokens valued at around $41 million from its Earn program, although the main app and other products remained unaffected.
Company Response: CEO Cyrus Fazel assured that SwissBorg has sufficient reserves to reimburse affected customers and is collaborating with exchanges and authorities to recover the stolen funds, while also planning to enhance oversight of external technology partners.
Impact on Users: The breach affected about 1% of SwissBorg’s user base and 2% of total assets, with the Earn program being a significant revenue contributor, drawing interest from retail investors due to its staking rewards.
Broader Implications: The incident underscores ongoing vulnerabilities in the crypto infrastructure, with service providers frequently targeted, and highlights the need for improved security measures in the industry, as over $1.4 billion has been lost to crypto hacks in 2025 alone.
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Technical Analysis for SOL
Technical Sentiment Analysis for Solana (SOL) As of , Solana (SOL) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SOL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, SOL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Solana (SOL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 30.854 | 49.177 | 70.044 | 88.367 | 109.234 | 127.557 | 148.424 |
| Fibonacci | 49.177 | 64.148 | 73.396 | 88.367 | 103.338 | 112.586 | 127.557 |
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