Switzerland-based digital asset management platform SwissBorg faced a significant security breach in September 2025, resulting in the theft of approximately USD 41.5 million.

Impact on SOL Earn Staking Programme

The attack impacted SwissBorg’s SOL Earn staking programme by exploiting a vulnerability in a partner API, leading to the loss of nearly 192,600 SOL.

SwissBorg’s Confirmation and Recovery Plan

On September 9, 2025, SwissBorg confirmed the security breach through its X platform account. The company assured that its app remained secure and other funds in Earn programmes were safe.

In response to the breach, SwissBorg disclosed its recovery plan, which involves using its SOL Treasury to help users recover a significant portion of their lost balance. Additionally, the company intends to work with white-hat hackers and security partners to recoup compromised funds, ensuring all users are made whole.

SwissBorg will communicate further details about these plans to concerned customers via email. The company stated that other programmes remain unaffected by this incident, and as it is currently financially secure, the event does not negatively impact day-to-day operations.

Industry Reactions

The crypto community’s response to SwissBorg’s handling of the breach was mixed. While some enthusiasts praised the company for its swift and transparent response, others pointed out that such security breaches continue to highlight the risks associated with centralized and decentralized platforms.

SwissBorg’s Services

Primarily used across Europe, SwissBorg provides centralised applications for buying, selling, and earning yield on a range of digital assets. The platform offers various products such as Smart Exchange, Crypto Bundles, Earn Yield, and Alpha Deals.

According to its website, SwissBorg is licensed and regulated by France’s Financial Markets Authority and Estonia’s Financial Intelligence Unit.