1 min read
Add as a preferred source on Google

Solana Bot King Theft Estimate Rises to $856,000 After Fifth Transfer

The revised total includes a transfer missed in the initial estimate. About $280,000 was blocked at two bridges as of a Nov. 3 review.

Mentioned assets
Five unmarked metal tokens spill from a small steel box. / TokenPost.ai
Five unmarked metal tokens spill from a small steel box. / TokenPost.ai

The Nov. 2 drain of Solana arbitrage bot King totaled about $856,000 across five transfers, raising the known total after the fifth transfer was included.

The five transfers moved funds out of the bot over 146 seconds. The revised total includes 69,868.77 Tether (USDT) omitted from the initial $786,000 estimate. It measures the amount taken across all five transfers; a final net loss has not been established.

At the Nov. 3, 4:17 a.m. ET (09:17 UTC) review cutoff, about $280,000 was blocked at two bridges. Another 251.19 Ether (ETH), then valued at about $574,000, sat at one Ethereum address. Blocking funds does not mean they have been recovered, and no recovery was reported at that cutoff.

The King drain was separate from the attack on Crédit Mutuel Arkéa that the French bank confirmed Nov. 4. Arkéa said attackers reached its account through a service provider’s platform and transferred the bank’s funds to other banks. The bank said customer assets were unaffected.

Simon Yoon

Reporter

Simon Yoon reports on blockchain technology for TokenPost. Send corrections or tips to info@tokenpost.com.

Loading…