AMFRegulated
France Crypto Asset Trading License (STP)
SwissBorg
Regulated in France
Crypto Asset Trading License (STP)
Basic Information
Country/RegionSwitzerland
Exchange AbbreviationSwissBorg
Company NameBLOCKNODES SAS
Operating Period10-15 years
Websitehttps://swissborg.com/
Exchange TypeCentralized Exchange
RiskNotice
2 risk alerts
- License No.
- Unreleased
- Regulatory Jurisdiction
- France
- Licensed Entity
- BLOCKNODES SAS
- Effective Date
- 2026-03-05
- Sharing Status
- No
User Feedback
4
Overregulated system hindering progress in compliance space, lacks flexibility and adaptation to crypto innovation. Frustrating barriers to compliance.
Interactive and emotional summary of user evaluation: Positive community involvement and active developer support, but concerns about token economics and regulatory uncertainty.
Needs improvement in security and community engagement.
Disappointing regulatory complexity, lacks clarity and consistency. Regulatory chaos hinders progress.
Exchange Overview
Exchange Overview
What is SwissBorg?
SwissBorg is Europe's leading cryptocurrency trading app, focusing on security and low fees, covering 47 countries, supporting 11 fiat currencies, available on iOS and Android.
Platform Features
The platform offers 78,000+ trading pairs, focusing on trading at the best exchange rates, and supports automated investing, voting rights, crypto academy, and other features, and issues the BORG token.
Business Region
InfluenceB0
2
4
6
8
10
News
SwissBorg hacked for $41M SOL after third-party API compromise
Hackers drained 193,000 SOL from SwissBorgs Solana Earn program after a Kiln API was compromised, affecting 1% of users and 2% of assets. SwissBorg, a Switzerland-based crypto wealth management platform, said hackers exploited a vulnerability in the API of its staking partner Kiln, draining about 193,000 Solana tokens from its Earn program. The SwissBorg app and other Earn products were not impacted by the hack, the company wrote in a post on X. The stolen SOL (SOL) tokens were worth roughly $41 million at time of writing. Source: Swissborg The breach originated with Kiln, a staking infrastructure provider that powers yield products on blockchains such as Solana and Ethereum. An API attack targets the software “bridge” that connects two systems. In SwissBorg‘s case, its app relied on Kiln’s API to communicate with Solanas staking network. By compromising the API, hackers were able to manipulate requests and siphon off funds. SwissBorg said that despite the hack, the company remains in good financial health, daily operations are unaffected and the affected users will be contacted directly by email. Related: Crypto users urged to take extreme care as NPM attack hits core JavaScript libraries A ‘bad day’ but not a fatal blow SwissBorg CEO Cyrus Fazel hosted an X Space on Monday
SwissBorg Raises over €20M with Revolutionary Community-Centric Fundraising
SwissBorg Raises over €20M with Revolutionary Community-Centric Fundraising Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com. Lausanne, Switzerland, April 18th, 2023, Chainwire In a groundbreaking move that has set new standards for fundraising, SwissBorg has demonstrated the power of community-centric approaches in raising funds, outperforming even private and institutional investors. Building upon their earlier success in raising $50 million from 24,000 individuals during their initial coin offering (ICO) held in 2017/18, SwissBorgs Series A fundraising, which closed last Friday, has produced astonishing results. SwissBorg raised a total of 21,242,064 Swiss Francs and sold 13,651,189 shares to 16,841 investors, reaching a final valuation of approximately 200M Swiss Francs. This remarkable achievement underscores the potential of community-driven fundraising and the importance of engaging the public in the development of innovative companies. With the SwissBorg app and ecosystem, the company is well-positioned to become the leader in the European crypto market. The platform offers users an accessible and user-friendly experience, enabling them to manage their crypto assets with ease and confidence. SwissBorg is a forward-thinking company that is dedicated to advancing the Web3 ecosystem. Its platform provides users with easy access to cryptocurrency investments and