10 September 2025

SwissBorg’s SOL Earn Wallet Exploited for $41.5 Million in Funds

Key developments in cryptocurrency technology include:

SwissBorg’s SOL Earn Wallet lost $41.5 million due to a partner's compromised API. The exploit affected fewer than 1% of users, and SwissBorg will cover losses.
Ledger’s CTO warned about a supply chain attack via NPM that could affect users by swapping wallet addresses in transactions. Almost no crypto users were reported affected.
Backpack Exchange launched its European division, Backpack EU, under MiFID II, offering regulated crypto derivatives and perpetual futures following the acquisition of FTX EU.
Polygon’s PoS chain is experiencing transaction finality delays of 10–15 minutes. A fix is being implemented after identifying issues with nodes and RPC providers.

World Liberty Financial blacklisted Justin Sun's blockchain address, affecting $107 million in WLFI tokens amid concerns over his outbound transactions.
Ethena proposed to issue Hyperliquid's upcoming stablecoin, pledging 95% of net revenue from reserves would return to the Hyperliquid ecosystem.

Nasdaq seeks SEC approval to tokenize stocks, allowing trading of equities on-chain alongside traditional methods.
Patrick Witt, President Trump's new crypto adviser, emphasizes advancing U.S. crypto policies and implementing the recent stablecoin law.