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$41M SwissBorg hack exposes API risks in crypto
- September 12, 2025
- Posted by: Crystal Intelligence
- Category: News, Uncategorized
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A third-party API vulnerability has led to a $41 million hack at SwissBorg, highlighting the growing threat of infrastructure-level exploits. Just 1% of users were impacted, but the breach shows how even well-established platforms remain vulnerable when relying on external providers. Meanwhile, in Washington, the US Treasury is exploring ways to monitor stablecoin transactions, potentially turning them into a new surveillance
