Swissborg suffers a security breach on Solana, with over $41 million stolen

European crypto investment app SwissBorg has reportedly been targeted in a security breach, which has resulted in the theft of 192,600 Solana tokens valued at about $41.5 million. On-chain investigator ZachXBT broke the news on Monday evening, saying the incident happened “a few hours ago,” explaining that the security breach happened directly on the Solana ￰0￱ confirmed the incident In a post on the X platform, ZachXBT, well-known in the crypto community for unearthing and tracking illicit activities on the blockchain, revealed the alleged wallet address of the offender, and it has been identified as: “TYFWG3hvvxWMs2KXEk8cDuJCsXEYKs65eeqpD9P4mK1.” At the time of this report, SwissBorg had confirmed the security breach through its X platform account.

“A partner API was compromised, impacting our SOL Earn Program (~193k SOL, ￰1￱ further shared their recovery plans, which include “allocating SwissBorg’s SOL Treasury so users recover a significant portion of their balance, figures to be finalized soon,” while ongoing actions include “engaging white-hat hackers & security partners to recover compromised funds with the goal of making all users whole.” 🚨JUST IN: According to @zachxbt , European crypto exchange @swissborg was exploited a few hours ago for 192.6K $SOL ($41M). ￰2￱ — SolanaFloor (@SolanaFloor) September 8, 2025 The platform also explained that they would reach out to concerned users via email with further ￰3￱ programs remain unaffected, according to their post on the X platform.

“SwissBorg is in good financial health, and this incident does not affect Day-to-day operations,” wrote the ￰4￱ crypto enthusiasts appreciated the “swift response,” transparency, and explanations by Swissborg, adding that such incidents happen to “the best of exchanges.” But others think ￰5￱ is popular in Europe, offering centralized applications for buying and selling and earning yield on a range of digital ￰6￱ crypto investment platform last year announced its compliance with the UK’s Financial Conduct Authority’s stringent ￰7￱ recent security breach is another blow to the digital asset space as it continues to battle with sophisticated security ￰8￱ incident also highlights the risks that are associated with both centralized and decentralized platforms, which underscores the urgent need for strong security ￰9￱ seen where it ￰10￱ in Cryptopolitan Research and reach crypto’s sharpest investors and builders.