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[SwissBorg CEO Attributes $41 Million Loss to Staking Partner Kiln] SwissBorg CEO Cyrus Fazel denied that his company lost $41 million due to a hack and instead blamed an external DeFi wallet managed by its SOL staking partner, Kiln. Blockchain security expert Chaofan Shou pointed out that an unstaking transaction from a week ago might have granted hackers access to withdraw funds, drawing comparisons to the 2025 ByBit hacking incident. Kiln has suspended certain services, including the Kiln Dashboard, Widget, and API, and stated that it is working with multiple parties to conduct a thorough investigation of the incident. Meanwhile, crypto wallet company Trust Wallet announced that its Earn feature is temporarily unavailable due to issues with Kiln's API but emphasized that user funds remain secure.

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