BloomTrading Telegram Bot Wallet Drain Exposes Approximately $954,000 in Solana Holdings of Nine Traders
What happened
An attacker extracted 9,408 SOL valued at approximately $954,000 across 49 wallets tied to nine BloomTrading users in 94 seconds.
The Context
* Architectural risk: Custodial bots generate and store private keys on external servers to automate trading, leaving them vulnerable to remote code execution and third-party compromises. * Surgical execution: On-chain data revealed the attacker tested single addresses first before methodically draining wallets by balance size, targeting SOL while leaving certain USDC balances untouched. * Corporate mitigation: BloomTrading paused impacted operations, attributed the incident to an exploited third-party module, and committed to reimbursing 100% of verified losses to newly generated user wallets.
The Number
— the operational window required to systematically empty 49 wallets, highlighting how algorithmic exploits can liquidate connected custodial balances before users detect an intrusion.
Takeaway
As automated social-layer trading expands, institutional and high-volume traders will likely re-evaluate custodial setups in favor of non-custodial delegated execution protocols.
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Solana Trading Bot Hacked for Nearly $1M, 49 Wallets Drained
A Solana-based trading bot operated under the name Bloom Trading was hacked, with approximately 9,408 SOL, valued at about $954,000 to nearly $1 million, drained from 49 suspected victim wallets, according to a Bitcoin.com report. The cause of the dr...
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