Telegram trading bot Solareum shutters days after $520K exploit

The team cited insufficient funds, evolving market trends and a recent security breach for its closure.

The Solana-based Telegram trading bot Solareum said it is permanently shutting down after insufficient funding and a recent security breach.

“It is with a profound sense of regret that we announce the closure of the Solareum project,” said the developers on the Telegram Solareum support channel, who also shared on X by trading bot BONKbot co-founder king.sol on March 31.

“Unfortunately, due to a combination of insufficient funds, evolving market trends, and a recent security breach to our systems,” they wrote.

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