Investigation Reveals Preceding Transactions Linked to TradeWiz Wallet Theft
Written with artificial intelligence.
Recent analysis has uncovered that a wallet associated with the theft of the TradeWiz bot on Solana executed 27 meme coin trades a month prior to the incident. The blockchain analytics firm Bitquery assessed the theft's total loss at $459,468, which includes various factors related to token account closures.
Background of the Theft
A wallet linked to the theft of the TradeWiz trading bot on the Solana (SOL) network has been found to have conducted 27 meme coin transactions a month before the incident. The on-chain records provide insights into previous usage but do not confirm whether the wallet's controller is the attacker or if the private key was compromised.
Financial Impact
According to blockchain analytics firm Bitquery, as of October 1, the total amount lost in the incident was calculated at $459,468 (approximately 624.88 million KRW). This figure is based on an SOL price of $120 per coin and includes amounts returned from closing SOL and token accounts. The updated total reflects additional funds that were accounted for during the token account closure process.
Transaction Analysis
Bitquery's investigation revealed that the wallet received funds from four withdrawals totaling 1.0056 SOL from MEXC in August. The same wallet was involved in 27 trades on TradeWiz, each incurring bot fees. While the movement of funds suggests a potential link to prior TradeWiz activities, it remains inconclusive whether the same individual controls both wallets or participated in the attack.
TradeWiz's Response
TradeWiz reported on September 30 that there was "limited private key exposure" related to the SOL PVP's private key export feature. The company has advised users to cease using the existing wallet addresses and promised full reimbursement for the losses, initiating the first refunds on the same day. Additionally, TradeWiz has filed a police report and requested identity and account verification information from relevant exchanges regarding the stolen funds.
Ongoing Investigations
As of October 1, approximately 94% of the stolen SOL remained in the two wallets involved, with some funds traced to a KuCoin deposit address via intermediary wallets. While the deposit records may provide investigative leads, they do not imply any involvement from the exchange itself.