Simulated case
In September 2025 about 193,000 SOL, around $41m, was stolen from SwissBorg’s SOL Earn program through a compromised API at its staking partner Kiln. SwissBorg covered affected users from its own treasury.
iClaim was not involved in this case. It is one of the 100+ incidents we’ve simulated our claims process on. All figures come from public reporting.
SwissBorg
Platform exploit
~$41m
covered from SwissBorg’s treasury
01
An attacker manipulated requests to the staking API of Kiln, SwissBorg’s staking partner, and moved about 193,000 SOL out of the SOL Earn program. SwissBorg’s own app was not breached, but its users’ staked SOL was gone.
02
SwissBorg said it had the resources to absorb the loss and committed treasury funds to reimburse affected users, while it worked with security firms and law enforcement to trace the stolen funds.
03
Few platforms can cover a loss this size from their own balance sheet. When they can’t, a claims process and a market for those claims are how users get paid.
Sep 2025
About 193,000 SOL is moved out of the SOL Earn program through Kiln’s staking API.
Sep 2025
SwissBorg confirms the loss, says its own app was not breached, and commits treasury funds to reimburse affected users.
Sep 2025
Kiln exits its Ethereum validators as a precaution while the incident is investigated.
The loss came through a partner’s API, not the platform itself. Users still looked to SwissBorg to make them whole.
Covering the loss directly meant users were not left waiting on recovery efforts.
For platforms without the reserves, a claims portal and a secondary market are the way to get users paid early.
Anything else, book a call or write to us. hey@iclaim.xyz
SwissBorg committed to reimbursing affected users from its own treasury after about 193,000 SOL, around $41m, was stolen from its SOL Earn program in September 2025 through the API of its staking partner Kiln. About 1% of its users were affected. Platforms without that kind of balance sheet usually need a claims process instead.
Have a claims process ready within 24 hours of an incident: a portal under your brand, claim verification and a market with buyers ready.
Figures are summarised from public reporting and may be revised.
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