Swiss Crypto Platform SwissBorg Hit by $41.5M SOL Hack After
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Crypto Journalist
Anas Hassan
Crypto Journalist
Anas Hassan
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Anas is a crypto native journalist and SEO writer with over five years of writing experience covering blockchain, crypto, DeFi, and emerging tech.
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September 8, 2025
Swiss crypto platform SwissBorg lost $41.5 million worth of Solana (SOL) tokens after hackers compromised partner API provider Kiln, marking the latest in a devastating series of cyber attacks that struck the crypto ecosystem within hours of each other.
On-chain investigator ZachXBT reported that approximately 192,600 SOL tokens were stolen from SwissBorg’s SOL Earn program, affecting less than 1% of users.
The platform immediately allocated its SOL treasury to cover most user losses while engaging white-hat hackers for fund recovery efforts.
SwissBorg confirmed that its SOL treasury will compensate affected users for the majority of their losses, with final figures to be determined.
The company emphasized that its strong financial health remains intact, and it will continue day-to-day operations unaffected by the security incident.
Quite a Day in Crypto: Cascade of Security Failures.
The SwissBorg incident coincided with multiple high-profile breaches across the crypto ecosystem.
Earlier today, Nemo Protocol on the Sui blockchain suffered a $2.4 million exploit that crashed its total value locked from $6.3 million to $1.57 million as users fled the platform.
The attack targeted Nemo’s yield-trading mechanism, which splits staked assets into Principal Tokens and Yield Tokens for speculation purposes.
PeckShieldAlert detected the breach as hackers swiftly moved stolen USDC via Circle by bridging from Arbitrum to Ethereum.
Following the exploit, user withdrawals exceeded $3.8 million worth of USDC and SUI tokens. Nemo halted all smart contract operations during scheduled maintenance windows to investigate the vulnerability’s root cause.
Just today, the Solana project Aqua executed a $4.65 million rug pull involving 21,770 SOL tokens after promotion by teams including Meteora, Quill Audits, Helius, SYMMIO, and Dialect.
The funds were split four ways and transferred through intermediary addresses before reaching instant exchanges.
The team disabled Twitter replies across all posts following the exit scam.
These attacks contribute to 2025’s $2.37 billion in DeFi losses across 121 security incidents during the first half alone.
DeFi protocols account for 76% of breach cases, though centralized exchanges recorded higher single losses.
npm Supply Chain Attack Threatens Entire Ecosystem.
On a massive scale, hackers compromised the npm account of respected developer Josh Goldberg, publishing malicious versions of 18 popular JavaScript packages, including chalk and debug.
The affected packages receive over 2 billion weekly downloads, potentially exposing the entire JavaScript ecosystem.
The sophisticated crypto-clipper malware intercepts browser functions to hijack crypto transactions by replacing recipient addresses with attacker-controlled wallets.
The payload targets foundational packages like strip-ansi, color-convert, and error-ex buried deep within dependency trees.
Security experts warned users to verify every hardware wallet transaction and avoid web-based on-chain activity until patches are deployed.
The malware uses Levenshtein distance algorithms to execute the...
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