Solareum Shuts Down Amidst $500K Theft: Users' Safety at Stake In a shocking turn of events, Solareum, the popular
Telegram trading bot for Solana-based tokens, has announced its closure following a massive exploit that saw 2,000 SOL tokens vanish from users' wallets. The decision was not taken lightly. In a heartfelt message on their support channel,
the Solareum team cited a combination of factors including dwindling funds, changing market dynamics, and the recent security breach as reasons
for their unfortunate demise. With funds running dry, the platform's ability to
safeguard users' assets became compromised. Efforts to secure additional funding post-exploit proved futile, leaving the team with no choice but to pull the plug.
The damage caused by the breach is staggering – over
$523K worth of SOL tokens were snatched away from 302 Solana enthusiasts on March 29. It's believed that a leak of private keys paved the way for this audacious heist.
Initially, suspicion fell on BONKbot, another Telegram trading bot in the Solana ecosystem. However, their security squad swiftly
cleared their name, pointing fingers instead at Solareum. The motive behind this incident remains murky –
was it an external attack or an internal betrayal?
