Swiss Bitcoin Pay
Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 42 → 64. Problems weighed by who is responsible: incidents the subject suffered −18.4, problems around the subject, caused by others −0.6; legitimacy credit long-running +6, regulated +10; a recent unresolved incident −7.8. Version history →
Why this score
| Every page starts at | 65 |
| Incidents it suffered (e.g. hacks) | -18.4 |
| Problems around it, caused by others | -0.6 |
| Long-running | +6 |
| Regulated | +10 |
| Recent unresolved incident | -7.8 |
| Sum | 54 |
Score: 64/100 (kept between 0 and 100)
How scoring works →Summary
Swiss Bitcoin Pay is a non-custodial Bitcoin payment processor incorporated as Swiss Bitcoin Pay Sàrl in Neuchâtel, Switzerland, serving over 1,000 merchants in 21 countries since late 2022. On September 14, 2026, the company took its servers offline after detecting suspected unauthorized access to its internal systems. No customer funds or private keys were reported as compromised, but five categories of sensitive personal and financial data were confirmed as potentially exposed, creating material phishing and social-engineering risk for affected merchants and customers.
Connected Entities
2 entities · 60 linked investigations- Swiss Bitcoin Pay→mentioned with→Bitcoin(80%)
Connected Through
1 shared actor · 482 investigationsDistinct actors this investigation shares with others — holders, traders, and named parties. Shared infrastructure (exchanges, pools) is excluded.
- ♦Bitcointoken
Timeline(5 events)
1 December 2022
Swiss Bitcoin Pay Sàrl founded in Neuchâtel, Switzerland, and begins operating as a non-custodial Bitcoin payment processor for merchants.
KuCoin News14 September 2026
Swiss Bitcoin Pay detects likely unauthorized access to its internal systems and takes its servers offline as a precautionary measure, posting a public statement on X.
CryptoTimes14 September 2026
Company confirms five categories of potentially exposed data: customer email addresses, Bitcoin wallet addresses, IBAN numbers, transaction histories, and hashed passwords. States user funds are safe and pledges to return all amounts owed.
Bitcoin Magazine15 September 2026
Major crypto news outlets including The Daily Hodl, Bitcoin.com News, and Crypto Briefing publish coverage of the incident. Critics begin scrutinizing the platform's non-custodial claims.
The Daily Hodl16 September 2026
Servers remain offline. No reopening date announced. Number of affected users, attack vector, and extent of data exfiltration remain undisclosed.
Bitcoin.com NewsDecision Log
- slot 455364280 · hash CH6KPHQXaHZaojVMQaYYE86EGUvYDc75eynRwy9swjXc
- slot 447520112 · hash 2mCbZxhww3dhySkCyPytbkLJRUGpbyN4gtspJvbXNyyG
This investigation is cryptographically anchored to the Solana blockchain (2 decisions). 8 of 8 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 9/16/2026, 12:14:47 PM
last updated: 10/10/2026, 6:44:37 PM
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