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Swissborg, a leading European crypto investment platform, has fallen victim to a massive hack that siphoned 193,000 SOL (≈ $30 million) in just minutes.
#PeckShieldAlert @zachxbt reports SwissBorg suffered an exploit with 192.6K $SOL ($41.5M) stolen on @solana
The hacker has deposited 100 $SOL to @bitgetglobal pic.twitter.com/K4uj8xVdrL
— PeckShieldAlert (@PeckShieldAlert) September 9, 2025
A Trojan Horse Attack Hits Swissborg
On the night of the attack, Swissborg’s security teams detected abnormal activity across several wallet addresses. Investigations revealed that hackers had deployed a digital Trojan horse, enabling them to reroute funds in real time into their own wallets.
The losses are estimated at 193,000 SOL, worth nearly $30 million, highlighting once again the vulnerability of centralized platforms to increasingly advanced cyber threats. Swissborg immediately suspended some services to contain the breach, while issuing warnings to its community.
How the Exploit Worked
Preliminary findings suggest the hackers exploited a weakness in address management, intercepting transactions before final validation. This mirrors recent attacks in the crypto industry that showcase the growing sophistication of cybercriminals.
Impact on Users and Swissborg’s Reputation
While part of the stolen funds belonged to Swissborg itself, several client wallets were also affected. Authorities have been notified, and blockchain forensics are underway to track the stolen assets.
For Swissborg, once seen as a transparent and trustworthy European crypto player, the hack is a serious reputational setback. The platform had built credibility around democratizing cryptocurrencies investing, but this incident risks undermining investor confidence.
Still, industry observers note that while such hacks are damaging, they rarely halt overall adoption. Instead, they highlight the importance of self-custody solutions and robust security measures in the volatile world of crypto. A secure wallet is often considered important to hold your crypto.
