On 8 September 2025, around midday CEST, an exploit occurred on an external DeFi wallet held with a counterparty, used to operate the SOL Earn strategy. Importantly, this was not a breach of the SwissBorg platform.
The incident impacted approximately 41 million USD in SOL, representing just 2 percent of SwissBorg’s total assets, and affecting fewer than 1 percent of our users. All other Earn strategies and all other user funds remain fully secure.
As soon as we detected the exploit, our teams acted immediately to contain the situation and prevent any further exposure.
What this means for you - Your balances remain unchanged in the SwissBorg app - SOL Earn redemptions are temporarily paused while recovery operations continue - No other strategies or users are impacted We are already working with leading blockchain security specialists and law enforcement to recover the funds. Most importantly, SwissBorg users will not take a loss. Any gap will be covered.
What happens next?
Recovery efforts are ongoing with white-hat hackers, security firms, and law enforcement.
User protection remains our top priority. Balances are intact, and SwissBorg guarantees no losses for affected users.
We will provide regular updates through my official X account and SwissBorg channels. A full incident report will be published once the investigation concludes.
Our gratitude We want to extend our sincere thanks to @_SEAL_Org, @zachxbt, @chainalysis, @FireblocksHQ, @Kiln_finance, and to our entire community for their swift collaboration, vigilance, and support during this time. Recovery efforts are underway, and with the strength of our partners and our community, we are confident we will emerge stronger, safer, and more resilient.
— Cyrus Fazel
CEO & Cofounder, SwissBorg
Always here to serve you.
