The Swiss cryptocurrency exchange SwissBorg suffered a major hack, resulting in hackers stealing 192,600 $SOL , equivalent to $41.5 million. According to the official statement from the exchange, the attack was caused by a vulnerability in the protocols of a third-party partner — the company Kiln. Losses amount to 2% of the platform's assets, but the key infrastructure remains intact, and most user funds are safe. SwissBorg promptly engaged ethical hackers and cybersecurity partners for the investigation, is cooperating with law enforcement, and has promised to compensate all customer losses.
This incident has become part of a wave of cyberattacks on the cryptocurrency industry: according to PeckShield, in 2025, hackers stole $2.3 billion, which is 15% more than last year. Vulnerabilities in smart contracts and phishing attacks remain the main methods of criminals. SwissBorg urged users to activate two-factor authentication and verify transaction sources. Experts emphasize the need to strengthen regulation and security in the crypto sphere to prevent similar incidents. Stay updated on cybersecurity news from #MiningUpdates !
#SwissBorg #cryptohacks #CyberSecurity #solana #Blockchain #MiningUpdates**
