Ethos Reviewers Weigh In on Bloom Trading Bot Exploit

Ethos reviewer ZET (@0xKharon) gave a positive rating to Bloom. According to other users on the platform, Bloom is an on-chain trading bot that makes cross chain trading easy by offering tools for memecoin traders, including features like copy trading and automated purchases on Telegram.

The main review was written by ZET, a user with an Ethos score of 1613. The assessment was well received by the community, earning 63 upvotes and zero downvotes.

ZET focused on a recent security exploit that affected the project. The reviewer noted that "losses amounting to almost a million dollars" occurred during the incident. However, ZET pointed out that the project developers stepped up to compensate the affected users quickly. ZET wrote, "This is a positive signal for trust, so this review is positive."

Despite the positive verdict, the reviewer highlighted a lingering concern about the lack of technical transparency following the hack. ZET stated, "The only thing that, in my opinion, is currently questioned by the community is the lack of an answer as to how the exploit was carried out." ZET acknowledged the team's claim about an affected intermediary module. The reviewer observed that keeping backend details private might be a valid security choice because "publicizing the backend structure opens up a new attack vector and attracts attention."

What Other Reviewers Say

Looking at the overall sentiment on Ethos Network, Bloom has received 3 negative, 38 neutral, and 24 positive reviews.

Other reviewers also focused heavily on the security exploit and the project's response, though several were more cautious than ZET. A reviewer with a high score of 1974 wrote, "The team's explanation points to an exploited third-party module, and I'd like to understand how that happened and what safeguards are now in place." This reviewer added that while the refunds were a good sign, "seeing those fixes persist over time would do more to build my confidence."

Another user with a score of 1688 shared a similar view regarding the lack of clear information. This user stated that "people still want answers and proof that everyone got paid back." Meanwhile, a reviewer with a score of 1674 summarized the situation by noting that "promises alone are not enough to restore confidence."

Source: the review on Ethos Network. Project on X: @BloomTrading. Reviewer on X: @0xKharon.