Ethereum

Uniswap

Tornado

<p class="is-style-lead">The Unibot team says funds lost due to the bug on the new router ‘will be compensated.’</p>
<p>Telegram trading crypto bot Unibot has suffered a token approval exploit, resulting in a loss of $642,000 worth of crypto.</p>
<p>In <a href="https://x.com/TeamUnibot/status/1719239188514844735?s=20" target="_blank" rel="noopener noreferrer nofollow">an X post</a> on Tuesday, Oct. 31, the Unibot team acknowledged the attack, saying the hacker exploited the token approval mechanism in the new router. The team has paused the router “to contain the issue.”</p>
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   <p lang="en" dir="ltr">We experienced a token approval exploit from our new router and have paused our router to contain the issue.<br><br>Any funds lost due to the bug on our new router will be compensated. Your keys and wallets are safe.<br><br>We will release a detailed response after investigations conclude.</p>— Unibot (@TeamUnibot) <a href="https://twitter.com/TeamUnibot/status/1719239188514844735?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 31, 2023</a>
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<p>According to reports, the exploiter stole over 356 Ethereum (<a href="https://crypto.news/price/ethereum/" data-type="link" data-id="https://crypto.news/price/ethereum/" rel="noopener noreferrer nofollow">ETH</a>) worth around $642,000 at the time of writing. After the attack, the stolen funds have been moved to Tornado Cash, a sanctioned cryptocurrency mixing protocol on the Ethereum blockchain.</p>
<p>Shortly after the news broke, Unibot’s native token crashed by 25.5% down to $42.7, according to <a href="https://www.coingecko.com/en/coins/unibot" target="_blank" rel="noopener noreferrer nofollow">data</a> from CoinGecko.</p>
<p>You might also like: <a href="https://crypto.news/telegrams-ipo-preparation-presentation-leaked-online/" rel="noopener noreferrer nofollow"> Telegram’s IPO preparation presentation leaked online </a></p>
<h2 class="wp-block-heading" id="telegram-trading-bots">Telegram trading bots</h2>
<p>Unibot is a Telegram bot that allows users to trade crypto right in the messenger by connecting their non-custodial wallets to Uniswap V3. The bot executes trades on behalf of a user with token pool contracts.</p>
<p>As crypto.news earlier <a href="https://crypto.news/telegram-bot-maestro-refunds-610-eth-to-users-affected-by-hack/" target="_blank" rel="noopener noreferrer nofollow">reported</a>, the other Telegram bot, Maestro, also fell victim to a security breach, resulting in the theft of more than 280 ETH, valued at approximately $500,000. In the aftermath, Maestro initiated a refund strategy. Users who lost tokens during the exploit reportedly received total compensation, with some even receiving more than their initial holdings.</p>
<p>Read more: <a href="https://crypto.news/telegram-bot-maestro-refunds-610-eth-to-users-affected-by-hack/" rel="noopener noreferrer nofollow"> Telegram bot Maestro refunds 610 ETH to users affected by hack </a></p>

Unibot suffers token approval exploit, token is down 25%

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