PROXIMA IS DEAD.

14 November 2026, 03:23 UTCWhat happened

Someone holding Proxima's private keys emptied the platform. Five fresh wallets spun up within sixteen seconds of each other and started sweeping, each working its own list from the biggest bag down: 315 SOL, 205, 173, 157, 150, all the way to a 1 SOL floor. Every one of the 487 transfers carried the same priority fee. One operator, five scripts.

No exploit. No approval. No phishing link. Every transfer is a plain SOL send signed with the victim wallet's own private key. Proxima created those wallets and kept the keys on its server. One leaked database equals every wallet ever made on the platform. Bloom was drained the same way three weeks earlier for $950k.

• 03:22:59First sweeper fires: 315 SOL out of the biggest wallet on the list.
• 03:23:15All five sweepers running. Largest balance first, one confirmed transaction every 15 to 30 seconds per thread.
• 03:24:48A wallet that was already empty gets "swept" for 0.00 SOL. The balance list was taken earlier and executed blind.
• 03:38Cash-out begins: 75 SOL chunks into fresh ChangeNOW deposit addresses, straight into their hot wallet.
• 03:59Four of five threads hit the 1 SOL floor and stop. The dust was not worth the time.
• 04:30Last of the 4,420 SOL gone through ChangeNOW and out as whatever currency they chose.
• 05:05A second pass starts on the dust: 286 more wallets at a median 0.1 SOL.

Think about who has that kind of calm, standing access to Proxima's key database.

Real timestamps, real amountsWatch it happen

Every dot is one wallet being emptied, at the second it happened, sized by how much it held. Five lanes, five sweepers. Then the chunks leave for ChangeNOW.

On-chain, verifiable by anyoneThe receipts

Open any sweeper. You will see the same thing: a wallet created this morning, a staircase of incoming transfers from different addresses each 15 to 30 seconds apart, then 75 SOL chunks out. Open any incoming transfer and you will see a plain system transfer signed by the victim's own key.

Not retailWho lost the money

The actual path under the 205 SOL wallet: funder → 20 distributors → 1 pass-through each → a collector per 10 → split 4 → 4 → 4 → 1 → the wallet that buys in block zero. Eight hops to hide one buy.

October 2026, 776 pump.fun launches scannedWhy the trenches have been dead

Hundreds of these a day. You were never trading against other degens. You were exit liquidity for a funding tree, from the first candle. That is the weight that has been sitting on every real runner for months.

What happens nowThe trenches will return

Every Proxima key is burned. Every funder hub that survived has to start over, on a tool nobody will touch again. The machines that farmed the trenches lost their float and their tooling before most of them woke up.

The next real runner does not get front-run by 32 wallets in block zero. Pump.fun goes back to being a casino instead of a slaughterhouse. The best Solana memecoin runs in history happened when the field was fair, and the field just got fair overnight.

The last two years of Solana were built by degens who believed in the trenches when nobody else did. That crowd never left. It was getting farmed. Not anymore.