Solareum
Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 12 → 45. Problems weighed by who is responsible: incidents the subject suffered −9.6, the subject's own conduct −8, concerns that are not fraud −3.2, problems around the subject, caused by others −1.6; legitimacy credit long-running +2. Version history →
Why this score
| Every page starts at | 65 |
| The subject's own conduct | -8 |
| Concerns that are not fraud | -3.2 |
| Incidents it suffered (e.g. hacks) | -9.6 |
| Problems around it, caused by others | -1.6 |
| Long-running | +2 |
| Sum | 45 |
Score: 45/100 (kept between 0 and 100)
How scoring works →Summary
Solareum was a Solana-based Telegram trading bot that shut down on March 30, 2024 following a security exploit that drained approximately $523,000 (2,800+ SOL) from over 300 user wallets. Prosecutors later revealed in a January 2025 court filing that the Solareum team had unknowingly hired a North Korean (DPRK) developer in December 2023, who subsequently facilitated the theft of 6,045 SOL worth roughly $1.4 million; the FBI seized approximately $950,000 in USDT two months after the hack. The project offered no compensation to victims, deleted its website and community channels, and is no longer operational.
Connected Entities
8 entities · 60 linked investigations- Binance→mentioned with→Tether(60%)
- Binance→mentioned with→Ethereum(65%)
- BonkBot→mentioned with→Solana(80%)
- BonkBot→mentioned with→Solareum(70%)
- Solareum→mentioned with→Ethereum(70%)
- Solareum→mentioned with→Tether(70%)
- Solareum→mentioned with→Solana(80%)
- Solareum→mentioned with→Binance(60%)
- Solareum→mentioned with→ElementalDeFi(60%)
- Solareum→mentioned with→FixedFloat(60%)
- + 6 more
Timeline(5 events)
December 2023
Solareum team publicly announces in its Telegram support channel that it is 'onboarding a new dev' — later identified by prosecutors as a North Korean (DPRK) national operating under a false identity.
29 March 2024
Exploit begins: over 300 Solana users report their wallets have been drained. Approximately 2,800 SOL (~$523,000) is stolen. Solareum acknowledges a possible security breach. BONKbot analysis identifies private key importation into Solareum as the common factor among victims.
30 March 2024
Security researcher Taylor Monahan is brought in to investigate; identifies DPRK IT worker fingerprints in the onchain activity. Tether freezes stolen funds after researchers provide evidence. Solareum announces project shutdown via Telegram, citing 'insufficient funds, evolving market trends, and a recent security breach.' Website is deleted and community channels are closed. No compensation plan is announced for affected users.
May 2024
Approximately two months after the March hack, the FBI seizes approximately $950,000 in USDT connected to the laundered Solareum exploit proceeds.
21 January 2025
Prosecutors file a court filing in the Northern District of Georgia detailing how a DPRK developer infiltrated Solareum and stole 6,045 SOL (~$1.4 million) as part of a broader action charging four North Koreans with cryptocurrency theft schemes.
Decision Log
- slot 455357678 · hash fYqt543jPB79c7FS9ax83V1wWvq3V1LzKPz88GujdGG
- slot 422548193 · hash 2sniDep4rngrLL8uRxDZtBSn73yJ6nrjZcpz1nQXoRuN
This investigation is cryptographically anchored to the Solana blockchain (2 decisions). 11 of 11 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:33 AM
last updated: 10/10/2026, 6:39:41 PM
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