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BitDegree 2024-04-02 07:59:12

Solareum Trading Bot on Telegram Announces Closure

Key Takeaways Solareum, a Solana-based trading bot on Telegram, announces its closure following a $520K security breach and funding issues. Over 2,800 SOL were stolen from users due to the exploit, with the team vehemently denying any involvement in an exit scam. The incident highlights significant security vulnerabilities within the crypto trading ecosystem, prompting a call for improved safeguards and financial stability for similar projects.

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