BloomTrading Pledges Full Reimbursement to Nine Users After Wallet Losses

BloomTrading has pledged full reimbursement to nine users reporting wallet losses, while a suspected drainer wallet received about 9,408 Solana (SOL), worth about $954,000.

The cross-chain Telegram trading bot said Monday, Oct. 26, that it had identified nine affected users and would reimburse them in full to new, secure wallets. The team said it is still investigating the cause of the losses.

A suspected drainer wallet received about 9,408 SOL from roughly 49 victims. The largest single transfer was about 1,636 SOL, valued at approximately $166,000. The number of wallets involved is higher than BloomTrading’s count of nine identified users.

BloomTrading temporarily disabled some services as a precaution and directed users to open support tickets through Discord. The company said it is reviewing wallet activity reported to it and will fully reimburse users it confirms were affected.

One user, @domyxbt, said they lost about $80,000 and suspected BloomTrading was involved, citing untouched balances in other hot wallets and no use of similar trading bots. BloomTrading’s stated cause remains under investigation. The platform automates trading through Telegram across Solana and EVM networks.