Solareum Trading App Shuts Down After $523k Worth of SOL Drained in Exploit

Solareum, a Telegram trading app for Solana-based tokens, has announced its closure after being linked to an exploit that saw over $500,000 worth of SOL drained from user wallets. The exploit affected more than 300 Solana users, with some initially believing that popular Telegram trading bot BONKbot was responsible for leaking private keys. However, the BONKbot team denied any security lapse and stated that any affected users had previously exported their private keys to use in other apps. Solareum's team cited insufficient funds, evolving market trends, and the recent security breach as reasons for the project's closure.