Solareum Hack

Solareum, a Telegram trading app for Solana tokens, is shutting down after a $523,000 security breach.

The exploit affected over 300 Solana users, with suspicions initially falling on the BONKbot trading bot. However, the BONK team refuted this and provided data indicating that victims had interacted with Solareum. Despite efforts to secure additional funding and enhance security measures, Solareum's closure was prompted by the recent breach and financial constraints.

Users on Solareum's Telegram channel are demanding answers and potential compensation, while Decrypt's attempts to reach Solareum for comment remain unanswered.