Blockchain analytics firm Bitquery said the recipient address tied to the roughly $459,000 theft involving Tradewiz can be linked to a wallet that had previously completed 27 transactions through the trading bot. Its investigation said 20,933 wallets were affected, with losses spanning SOL, tokens, and deposits recovered after token accounts were closed, based on a SOL price of $120. Bitquery also found that Tradewiz trading activity stopped 41 minutes after the main fund transfers began, and about 73% of the SOL moved in that round was transferred out after trading had already halted. Tradewiz said the incident involved a private key leak tied to its SOL PVP export function and pledged to compensate users. In a later update, it said the first batch of refunds had been issued and that claims would require verification. The platform also suspended EVM services for security checks and said police were helping trace the assets while exchanges had been contacted for identity and account verification information. Bitquery added that some early funds were traced from MEXC withdrawals and later moved to a Kucoin deposit address, while noting that those links do not indicate either exchange took part in the theft.
According to ChainCatcher, blockchain data analytics firm Bitquery linked the recipient address in the roughly $459,000 Tradewiz theft to a wallet that had previously completed 27 transactions through the trading bot.
Its investigation said 20,933 wallets were affected. The losses involved SOL, tokens, and deposits recovered after token accounts were closed, with the estimate calculated using a SOL price of $120.
Bitquery said Tradewiz trading activity stopped 41 minutes after the main fund transfers began. In that transfer round, about 73% of the SOL was moved out after trading had already ceased.
Tradewiz said the incident involved a private key leak tied to the SOL PVP export function and said it would compensate users for their losses. In a later update, the platform said the first batch of refunds had already been issued, while claims would be subject to verification.
Tradewiz also suspended its EVM service for security checks. It said police were assisting with asset tracing and that it had contacted exchanges to seek identity and account verification information.
Bitquery traced part of the early funds to withdrawals from MEXC, with later transfers heading to a Kucoin deposit address. It added that these links do not show that either exchange was involved in the theft.
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