Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ETHEREUM NEWS»Solana Telegram Trading Bot Shuts Down After Users Spent $523,000
ETHEREUM NEWS

Solana Telegram Trading Bot Shuts Down After Users Spent $523,000

By Crypto FlexsApril 1, 20242 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Solana Telegram Trading Bot Shuts Down After Users Spent 3,000
Share
Facebook Twitter LinkedIn Pinterest Email

The team behind Solareum, a Telegram trading app for buying and selling SolanaThe popular messaging platform’s token-based platform announced that it would be shutting down after some of the attacks were linked to it. $523,000 worth of SOL was depleted. From the user’s wallet last week.

The wallet-draining exploit, which is believed to have affected more than 300 Solana users, occurred late last week. Initially, some users believed that BONKbot, a popular Telegram trading robot, was responsible for the leak of users’ private keys.

However, the BONK meme coin team denied that there was a security issue with the Telegram bot and said that there were BONKbot users affected by this exploit. You previously exported your private key. To use in other apps

solarium next said in a tweet response “It (could be) possible that we could be exploited,” he said on Friday.

“It is with deep regret that we announce the end of the Solarium project,” the team later wrote on Telegram on Saturday. “Unfortunately, a combination of funding constraints, changing market trends, and recent system security breaches have forced us to make difficult decisions.”

“Over the past few months, we have made a concerted effort to secure additional funding, adapt to market changes and strengthen our security measures,” he added. “Despite these efforts, recent security breaches have compromised the integrity of our systems, and due to lack of funding, we can no longer ensure the safety of our users.”

The Solarium team said it would contact authorities to freeze stolen cryptocurrency assets if they were sent to a centralized exchange. However, the team said nothing about offering any other compensation to affected users. decryption We have contacted Solareum several times for comment, but have not yet received a response.

The project’s Telegram channel is filled with users demanding answers about the abuses and even threatening legal action if Solareum does not announce a compensation plan.

<0.1% of BONKbot users who exported PK were affected. Our analysis strongly suggests that the attack occurred in which the victim imported PK into a specific application.

Data so far:
– Total victims: 302
– BONKbot victims: 113
– Key exported from BONKbot: 113
– Total SOL…

— BONKbot (@bonkbot_io) March 29, 2024

BONKbot is arguably the largest Telegram trading bot on Solana, with over 270,000 users and was initially a prime suspect for many in the community. The BONKbot team quickly shared data about apparent victims of the exploit, who had their connections rejected and their wallets drained.

The team explained on Twitter that the exploit appears to be linked to “specific applications” that some users exported their private keys to, but did not specify which app was at the heart of the problem. On Monday, BONKbot confirmed: decryption The data actually pointed to Solareum.

“We have been working with the security community to triangulate the exploit, and while victims interact with a variety of apps and wallets, the absolute correlation so far has been for victims to import their (private keys) into Solareum.” said BONKbot. Tim said.

“Our analysis overwhelmingly pointed this out prior to Solareum’s announcement, but without access to their codebase or logs, our analysis will always remain probabilistic rather than deterministic,” they added. “Furthermore, it is not yet clear whether it is an external or internal leak. Therefore, we avoided pointing fingers in public. That’s not what we do.”

Edited by Ryan Ozawa.

Stay up to date with cryptocurrency news and receive daily updates in your inbox.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Crypto Scam Markets thrives again after attempting to clean up Telegram.

June 24, 2025

Bitcoin is more than $ 104K as the merchant’s eyes move from H2 to $ 145,000.

June 20, 2025

Can Etherrium price return to $ 4,000? Analysts say that ETH should go beyond this support.

June 16, 2025
Add A Comment

Comments are closed.

Recent Posts

AIXA Miner 2025 | AI-Driven Dogecoin Cloud Mining For Stable Daily Passive Income

June 24, 2025

Stably Introduces Stablecoin Development & Advisory Services For Institutions & Enterprises

June 24, 2025

Senior Trader Uses XRP To Start Bitcoin (BTC) Mining Machine, Earning $8,857 A Day

June 24, 2025

WF Holding Ltd Announces Entry Into The Digital Cryptocurrency Field

June 24, 2025

Crypto Scam Markets thrives again after attempting to clean up Telegram.

June 24, 2025

On the 7th, NFT transaction sales volume of immutable tower

June 24, 2025

Sequans starts $ 384M Bitcoin Treasury Initiative with Swan Bitcoin Partnership.

June 23, 2025

Dogecoin (DOGE) after collision

June 23, 2025

GAP 3 Partners FZCO Becomes Dubai’s First Regulated Virtual Asset Investment Advisor With Operational License From VARA

June 23, 2025

R0AR Lists On BitMart: $1R0R Makes CEX Debut

June 23, 2025

Polemos Launches $PLMS Token On MEXC And Uniswap, Advancing Web3 Gaming Infrastructure

June 23, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

AIXA Miner 2025 | AI-Driven Dogecoin Cloud Mining For Stable Daily Passive Income

June 24, 2025

Stably Introduces Stablecoin Development & Advisory Services For Institutions & Enterprises

June 24, 2025

Senior Trader Uses XRP To Start Bitcoin (BTC) Mining Machine, Earning $8,857 A Day

June 24, 2025
Most Popular

Solana update brings first fix for congestion issues

April 15, 2024

Cryptocurrency prices have bounced back from a sell-off as Bitcoin dominance hits a three-year high.

April 14, 2024

Can Ethereum price hold this support and trigger a new rally?

May 29, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.