Arbitrage Bot King on Solana Drained of $786K

Source: PANews2026/11/03 08:30

Analysis

The drain of the long-running Solana arbitrage bot known as King shifts attention from user-facing exploits to the operational security of automated trading infrastructure, since a bot with roughly $7.2 million in historical profits was still holding about $786,000 in WSOL, SOL and stablecoins in a single hot wallet. The reported loss of 4,260 WSOL, 191 SOL and $366,000 in stablecoins suggests either key compromise or a malicious approval rather than a protocol-level failure, though the mechanism has not been confirmed. Watch whether on-chain analysts trace the funds through mixers or bridges, whether the operator discloses how the wallet was accessed, and whether other Solana arbitrage operators rotate keys and split treasury holdings in response.

If you have any feedback or questions about this content, please contact us at crypto.news@kcex.com

PANews Nov. 3 — According to Onchain Lens monitoring, King, one of the longest-running arbitrage bots on Solana (with $7.2 million in historical profits), was drained of approximately $786,000, including 4,260 WSOL, 191 SOL and $366,000 in stablecoins.

Arbitrage Bot King on Solana Drained of $786K

Original link

Recommended Reading

PA一线

Fidelity Digital Assets Moves 1,722 BTC to New Wallets, Worth About $132 Million

PA一线

Solflare: Now on High Security Alert, Access to Infrastructure and Code Shut Off and Change Approvals Tightened

PA一线

Tron's USDT Circulating Supply Reaches $92.35B at End of Q3, Surpassing Ethereum

PA一线

Disclaimer: The articles reposted on this website are sourced from public platforms and are for reference only. These articles do not represent the views or opinions of KCEX. All copyrights belong to the original authors. If you believe that any reposted article infringes upon the rights of a third party, please contact crypto.news@kcex.com for removal. KCEX makes no representations or warranties regarding the timeliness, accuracy, or completeness of reposted articles, and shall not be liable for any actions or decisions made based on such content. Reposted materials are for informational purposes only and do not constitute advice, endorsement, or basis for any commercial, financial, legal, and/or tax decisions.