Ethereum

<ul><li>The Maestro trading bot was exploited, causing a loss of 280 ETH valued at approximately $500,000.</li><li>The Maestro team acted quickly to revoke all router functionalities and promised full refunds to affected users.</li><li>Despite resuming trading, tokens in liquidity pools on platforms like SushiSwap, ShibaSwap, and PancakeSwap remain temporarily unavailable.</li></ul>On October 24, a security breach in Maestro, a prominent cryptocurrency trading bot, led to the loss of an estimated 280 ETH, valued at around $500,000. The attacker exploited a vulnerability in a recently deployed router contract, which was designed to facilitate the trading of various memecoins. The project announced the exploit on social media platform X, via a tweet.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/9bef8e916e844ea3951ae397bc009616.png" />The attacker managed to transfer tokens to their <a href="https://etherscan.io/address/0xce6397e53c13ff2903ffe8735e478d31e648a2c6#internaltx" rel="noopener noreferrer nofollow">own wallet</a>, specifically those that had received prior approval on the compromised contract. After securing the tokens, the attacker converted them into ethers and utilized the RailGun mixer to conceal their activities.The Maestro team acted swiftly to mitigate the damage. They &#34;revoked all the router&#39;s functionalities,&#34; ensuring that trading could be safely resumed. Affected users were promised full refunds, while those unaffected were assured that their tokens remained secure.The project also committed to issuing full refunds to those affected, estimating that approximately 280 ETH will be needed for this purpose. They also clarified that the exploit was limited to the router and did not impact user wallets.Read full article at <a href="https://cryptotale.org/maestro-trading-bot-loses-280-eth-in-security-breach-vulnerability-patched/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Maestro Trading Bot Loses 280 ETH in Security Breach, Vulnerability Patched

CryptoTale

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