Ethereum

<div class="cryptonews">
 <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 an X post on Tuesday, Oct. 31, the Unibot team acknowledged the attack, saying the hacker <a rel="noopener noreferrer nofollow" title="exploit" href="https://thebittimes.com/tag/exploit.html">exploit</a>ed the <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> <a rel="noopener noreferrer nofollow" title="approval" href="https://thebittimes.com/tag/approval.html">approval</a> mechanism in the new router. The team has paused the router “to contain the issue.”</p>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">We experienced a <a rel="noopener noreferrer nofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> <a rel="noopener noreferrer nofollow" title="approval" href="https://thebittimes.com/tag/approval.html">approval</a> <a rel="noopener noreferrer nofollow" title="exploit" href="https://thebittimes.com/tag/exploit.html">exploit</a> 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) October 31, 2023
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 <p>According to reports, the <a rel="noopener noreferrer nofollow" title="exploit" href="https://thebittimes.com/tag/exploit.html">exploit</a>er stole over 356 Ethereum (ETH) 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 data from CoinGecko.</p>
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 </div>
 <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 reported, 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>
 <div class="cn-block-related-link">
  <svg class="cn-block-related-link__icon icon" aria-hidden="true"><use xlink:href="#"></use>
  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> Telegram bot Maestro refunds 610 ETH to users affected by hack
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/unibot-suffers-token-approval-exploit-token-is-down-25-tbt68466.html">https://thebittimes.com/unibot-suffers-token-approval-exploit-token-is-down-25-tbt68466.html</a></p>

Unibot suffers token approval exploit, token is down 25%

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