BloomTrading Promises Refunds After $954K Solana Wallet Drain

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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 estimated that 9,408 SOL, worth approximately $954,000, had reached an address suspected of receiving stolen cryptocurrency from 49 victims. BloomTrading, in an October 26, 2026 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. The company rejected suggestions that users needed to organize a community relief fund, stating it intended to cover the losses itself. BloomTrading has not confirmed the cause of the drains or reconciled the different victim counts. The inquiry will examine whether a third-party service provider had been compromised. The reimbursement pledge does not establish that compensation has already reached users, and BloomTrading has not disclosed a payment schedule or the method it will use to verify claims.