Tradewiz Users Lose $459K Due to Private-Key Exposure
- Approximately $459,000 was lost by Tradewiz users after a private-key exposure on September 30.
- The incident affected about 20,933 wallets, with funds taken in SOL and other tokens.
- Bitquery linked the drain wallet to another that conducted 27 trades through Tradewiz in the previous month.
- Trading activity via the bot ceased after the main drain, yet about 73% of SOL was taken afterward.
- Tradewiz pledged full compensation for losses and announced a pause in EVM services for security checks.
- Police are involved in tracing assets, with exchanges contacted for identity verification information.
The private-key exposure incident has raised significant concerns over Tradewiz’s security measures, impacting thousands of users and leading to substantial financial loss. The connection between the compromised wallet and previous trades offers a potential lead for investigators to follow.
As Tradewiz works on compensating affected users and improving its security protocols, investigators continue to analyze earlier customer activities for insights into the breach’s origins.(Source)
