Coinspeaker
Solana-Based Telegram Trading Bot Solareum to Shut Down Following a $515k Security Breach

Developers of Solareum, a Solana-based trading bot on the Telegram messaging app, will permanently shut down the app after facing funding problems and a security breach. A message the developers shared on Solareum’s Telegram support channel also mentioned evolving market trends as a reason for the decision.

Solareum to Shut Down Following 2,808 SOL Breach

In the message, Solareum developers said they need to shut down the bot, admitting that customer funds are now at risk.

“Over the past months, we have made concerted efforts to secure additional funding, adapt to market changes, and fortify our security measures. Despite these endeavors, the recent security breach has compromised the integrity of our systems, and we can no longer assure the safety of our users due to the lack of funds.”

However, the developers assured us that they are working hard to ensure the funds are frozen if they ever make their way to a centralized exchange (CEX...