5 sourced reports, with what to check before you buy. Each one links to the page it was reported on.
2 of these reports describe a fire, explosion or shock risk.
Costly or dangerous
CPSC recall 16-211: Swagway self-balancing scooters/hoverboards battery pack can overheat, smoke, catch fire or explode
Safety risk
This is the official CPSC recall (16-211) of Swagway self-balancing scooters/hoverboards, 267,000 units, with 42 reported incidents of battery packs smoking/catching fire/exploding and 16 injuries. Caveat: the companion 10-firm recall table identifies the recalled Swagway model as 'Swagway X1', so this official recall covers the X1, not the X2.
What to check. If considering a Swagway X1, this is a documented, officially recalled fire hazard — do not buy one that was not remedied. For the X2, this recall does not directly name it, so treat it as context, not proof about the X2.
Swagway hoverboards reported catching fire; Amazon and Target stopped selling Swagway; class action alleges fire
Safety risk
Local news (WSBT 22, South Bend) reporting multiple Swagway hoverboard fire claims, retailers dropping the brand, and a class action alleging a Swagway Hoverboard caught fire. This is brand-level, not X2-specific.
What to check. Establishes that Swagway hoverboards as a brand have documented fire incidents and were pulled by major retailers; it does not single out the X2 model.
Swagway hoverboard ignited while charging in Chappaqua, NY home
A campus fire-safety alert documenting a Swagway-brand hoverboard that ignited while charging in a home. Brand-level, not X2-specific.
What to check. Reinforces the charging-related fire risk for Swagway hoverboards; the alert's own advice is to never charge unattended and to verify a UL listing label.
Swagway X2 owner reports: unit quit working out of nowhere; unit spun and threw rider; one unit vibrates
X2-specific owner reports of the board quitting, coming apart, one unit spinning and throwing a rider, and another vibrating. These are quality/function complaints, not documented fires.
What to check. This is the only X2-specific evidence found; it points to reliability/quality issues and poor customer-service response, not a documented battery fire specific to the X2.
iFixit teardown: Swagway battery protection board has skimpy solder joints on charge/discharge MOSFETs
Independent teardown found the only notable defect was thin solder joints on the battery protection board's charge/discharge MOSFETs, which carry high power. This is a general Swagway teardown, not X2-specific.
What to check. A manufacturing-quality concern tied to the battery circuit that could relate to overheating; it is a single teardown observation, not a documented failure.
These reports come from the pages linked under each item: owner forums, repair guides and workshops. They are not a diagnosis of any one unit, and a careful check of the one you are buying still applies.
Text from the Kriko Hoverboards & Self-Balancing Scooters catalog, version 0.1.1, under the CC-BY-SA-4.0 license.