BloomTrading promises refunds after $954K Solana wallet drain

BloomTrading has promised to reimburse nine affected wallets following reports that nearly $1 million in Solana was drained from users of its cryptocurrency trading bot. Blockchain investigators linked approximately 9,408 SOL in suspicious transfers to 49 reportedly affected wallets. BloomTrading pledged full reimbursement for nine wallets while investigating a possible third-party security compromise. One reported victim lost 1,636 SOL, valued at approximately $166,000 during the incident. The platform has not confirmed the cause of the drains or reconciled the different victim counts. BloomTrading, in an October 26 statement, said it would fully compensate nine affected wallets by transferring replacement funds to new addresses designated by their owners. The announcement followed complaints from Solana traders who discovered unauthorized withdrawals from wallets associated with the automated trading platform.

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