Top Highlights

• The team behind Solareum, a Telegram trading app for buying and selling Solana-based tokens on the popular messaging platform, announced that it would shut down after being tied to an exploit that saw some $523,000 worth of SOL drained from user wallets last week.
• The wallet-draining exploit, which is estimated to have affected more than 300 Solana users, occurred late last week.
• However, the team behind the BONK meme coin denied that their Telegram bot had a security lapse and said that any BONKbot users impacted by the exploit had previously exported their private keys to use in other apps.
• Solareum then said in a tweet response on Friday that “there [may be] a chance we got exploited.”
• Solareum’s team said that they would contact authorities in an attempt to freeze any stolen crypto assets should they be sent to centralized exchanges

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