SwissBorg

Affected by Euler Finance Attack

Estimated loss

$4.50M

VERDICT —UNRATED

Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.

▰ METHOD

Undisclosed

Root cause

Root-cause analysis not yet published. The incident description below contains all currently available signal — review the attack transaction directly for definitive forensics.

Forensic narrative

SwissBorg is a crypto asset management platform that is regulated and licensed in Switzerland, France and Estonia. It has its own SwissBorg app and can earn money through this mobile wallet. SwissBorg stated that the ETH and USDT in the Earn strategy suffered partial losses, including 1617.23 ETH and about 1.69 million USDT, accounting for 2.27% and 29.52% of the subscription funds respectively. SwissBorg will bear all losses. Attack method (per SlowMist): Affected by Euler Finance Attack. Reported loss: $ 4,500,000.

Primary source

https://twitter.com/swissborg/status/1635250132370477056 ↗

Sourced from

slowmist

Technical record