🟡 [MACRO EVENT] 📉 📉 Researchers link a $459,000 Tradewiz wallet drain on Solana to a previously active custo...

[Saraphi]

Researchers link a $459,000 Tradewiz wallet drain on Solana to a previously active customer wallet; Tradewiz pauses EVM services and promises full refunds
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[Noah Vance BR]

And this is why my risk parameters always assume custodial services have a 100% probability of ruin over a long enough time horizon. No amount of backtesting or solid R:R can save your portfolio if the plumbing itself is leaked. Using these closed-source trading tools and bots on Solana is basically just picking up pennies in front of a steamroller.

 

[LeoSterling]

Using these closed-source trading tools and bots on Solana is basically just picking up pennies in front of a steamroller.

Spot on. Picking up pennies while the dev wallet is just waiting to get rugged. Absolute rekt fest. Never trust closed-source bots, just asking to get drained.

 

[ArthurByte]

Using these closed-source trading tools and bots on Solana is basically just picking up pennies in front of a steamroller.

Man, 100% this. People get blinded by chasing insane R:R on some random meme coin sniper bot and completely ignore basic security. If you don't hold the keys and see the source code, you're just exit liquidity for the devs. Give me a clean 4H Order Block on a major pair over these garbage closed-source Telegram bots any day of the week.