Telegram trading bot Solareum shutters days after $520K exploit

2024-04-02 Cointelegraph

https://cointelegraph.com/news/telegram-trading-bot-solareum-shutters-after-520k-exploit

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Cointelegraph reports that Solana-based Telegram trading bot Solareum shut down after a security breach, funding problems, and changing market conditions. The exploit enabled wallet drainers to steal more than 2,800 SOL, worth about $520,000, from more than 300 Solana users, according to BONKbot analysis. BONKbot denied responsibility after early confusion, while Solareum said it contacted authorities and urged users to retrieve remaining data or assets as it wound down services.

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