Bloom Trading Bot Hack Drains $953,000 From 48 Solana…
By Abdelaziz Fathi
AI summary of the source article
Hackers drained approximately $953,000 in Solana from 48 wallets linked to Telegram trading bot Bloom during an October 26 incident. Bloom attributed the breach to a third-party remote code execution vulnerability and pledged to reimburse affected users in full.
Why it matters
The incident exposes "the security risks associated with automated trading services that can sign transactions on users' behalf," where convenience relies on bots holding or accessing keys to authorize trades.
Key facts
- Hackers drained 9,408 SOL (worth roughly $953,000) from 48 wallets linked to Bloom in 94 seconds on October 26.
- Bitquery discovered every outgoing transfer was signed using the affected wallet's own key without a token approval or smart contract.
- Bloom attributed the breach to a third-party software module vulnerability and pledged to reimburse affected users in full.
Source excerpt · FinanceFeeds
Hackers drained approximately $953,000 in Solana from 48 cryptocurrency wallets linked to Telegram trading bot Bloom in just 94 seconds, exposing the security risks associated with automated trading services that can sign transactions on users' behalf. Blockchain analytics firm Bitquery traced 9,408 SOL transferred from wallets belonging to nine traders during the October 26 incident. Bloom pledge…