--- title: "Crypto investigators flag suspected $106M theft and $786K Solana bot drain" description: "Cointelegraph reported that a European entity may have lost $106 million from exchange accounts, while a wallet tied to a Solana arbitrage bot may have lost…" language: en canonical: "https://whycoinmoves.com/en/events/solana-crypto-investigators-flag-suspected-106m-0bf2b31f6dd88d" published: 2026-11-02T21:23:57.000Z updated: 2026-11-02T22:24:59.000Z indexable: true --- # Crypto investigators flag suspected $106M theft and $786K Solana bot drain Cointelegraph reported that a European entity may have lost $106 million from exchange accounts, while a wallet tied to a Solana arbitrage bot may have lost… Attributed sources: [Cointelegraph]() ## Key facts Cointelegraph reported that a European entity may have lost $106 million from exchange accounts, while a wallet tied to a Solana arbitrage bot may have lost $786,000. The amounts were characterized as suspected losses in coverage attributed to crypto investigators. Evidence strength: Single source, 1 publisher group(s) (Cointelegraph). After site detection, observed returns were 5 minutes: -0.11% (difference from BTC +0.01 pts; Nov 2, 2026, 21:23 → Nov 2, 2026, 21:28, UTC; Gate · USDT); 1 hour: +0.55% (difference from BTC +0.38 pts; Nov 2, 2026, 21:23 → Nov 2, 2026, 22:23, UTC; Gate · USDT) In the preceding 30 days, the 99th percentile of absolute hourly returns was 1.94% (OKX · USDT; cutoff Nov 2, 2026, 21:23, UTC). ## Returns after site detection | Window | Return | BTC | Difference from BTC | Actual sampled interval (UTC) | Source | | --- | --- | --- | --- | --- | --- | | 5 minutes | -0.11% | -0.12% | +0.01 pts | Nov 2, 2026, 21:23 → Nov 2, 2026, 21:28 | Gate · USDT | | 1 hour | +0.55% | +0.16% | +0.38 pts | Nov 2, 2026, 21:23 → Nov 2, 2026, 22:23 | Gate · USDT | ## Historical hourly baseline | Metric | Value | | --- | --- | | Coverage | 100.0% (720/720) | | Median absolute hourly return | 0.27% | | 99th percentile of absolute hourly returns | 1.94% | | BTC beta | 1.44 | | Source / cutoff (UTC) | OKX · USDT / Nov 2, 2026, 21:23 | ## Claims and open questions - Crypto investigators flagged a suspected theft in which a European entity may have lost $106 million from exchange accounts, Cointelegraph reported. - A wallet associated with a Solana arbitrage bot may have lost another $786,000, according to Cointelegraph. - Which exchange accounts held the $106 million and which exchange, if any, has issued a notice or confirmed the loss? - What on-chain evidence identifies the Solana arbitrage bot wallet and the $786,000 transfer, and would the bot's operator or an investigator confirm it? ## Source evidence - [Crypto investigators flag suspected $106M theft, $786K Solana bot drain]() — Cointelegraph; published Nov 2, 2026, 21:16; received Nov 2, 2026, 21:23 (UTC). ## Recent SOL events and market reactions - [Binance hackers begin swapping stolen Solana tokens for Bitcoin, Chainalysis says]() — Published Nov 2, 2026, 12:40 (UTC) · Single source (1 publisher) · Security · 5m -0.11% / 1h +0.65% - [Solana Agave validator: v4.4.0 released]() — Published Oct 28, 2026, 20:35 (UTC) · Official source (1 publisher) · Project updates · 5m +0.08% / 1h -0.15% / 24h -1.03% - [Polygon brings its stablecoin payments stack to Solana]() — Published Oct 29, 2026, 13:01 (UTC) · Multiple publishers (3 publishers) · General news · 5m -0.11% / 1h -0.04% / 24h -3.94% - [Solana Foundation adds Boris Johnson and Martin Gilbert to Breakpoint 2026 lineup]() — Published Oct 26, 2026, 22:52 (UTC) · Official source (1 publisher) · General news · 5m -0.19% / 1h -0.54% / 24h +2.79% - [Solana changelog lists Agave v4.3.2 and Firedancer v26.10.4 releases]() — Published Oct 23, 2026, 01:09 (UTC) · Official source (1 publisher) · General news · 5m -0.07% / 1h +0.34% / 24h -1.42% - [Full coin archive]() ## Research for this archive - [Why is crypto moving? How to check the evidence]() - [Altcoin beta to Bitcoin: BTC, ETH, SOL and DOGE hourly returns]() - [Do XRP and Solana ETF flows move the price? First-year data]() - [Perpetual funding rates and annualized yield: a 2025 comparison]() Evidence levels describe source coverage, not the probability that a report is true. Price moves and their timing cannot establish a cause; minute samples show an observed interval and alert thresholds are heuristics. Explanations are model-assisted, with citations and figures checked. Source titles stay in their original language; full articles are not republished. [Methods and limitations]()