The native token of the Telegram bot Unibot fell by 45% due to the termination of cooperation with the team that connected the application to the Solana network. 
According to&nbsp;<a href="https://crypto.news/tag/CoinMarketCap/" target="_blank" rel="noreferrer noopener">CoinMarketCap</a>, UNIBOT’s quotes dropped from $76 to $40 within four hours of the announcement. The asset’s capitalization collapsed from $76 million to $39 million, with a daily trading volume of $36 million. 
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 Outlined below are the primary reasons for discontinuing our partnership: 1. A breach of trust occurred when the Solana group launched the Blast bot named "evm_unibot" without obtaining prior permission and authorization from us. Users have been report that they were unable to…— Unibot (@TeamUnibot) <a href="https://twitter.com/TeamUnibot/status/1767130133377270102?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">March 11, 2024</a>
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The project’s creators also asked publicly to pay the royalties promised to the owners of Unibot tokens. In addition, the team emphasized that independent development of the Unibot product on Solana will begin using a secure server infrastructure. 
 You might also like: <a href="https://crypto.news/sell-the-rumors-buy-hack-announcements-unibot-retrospective/"> Sell the rumors… Buy hack announcements? Unibot retrospective </a> 
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 “After careful consideration and feedback from our partnered organizations, the Unibot core team has decided to part ways with the team that deployed Unibot on Solana.” <cite>Unibot team</cite>
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Unibot said the Solana team “abused the trust” when Solana launched a bot called “evm_unibot” without prior permission. Members of the unnamed team also refused to undergo <a href="https://crypto.news/tag/KYC/" target="_blank" rel="noreferrer noopener">KYC</a> verification to continue cooperation. 
Unibot added that its trading bot, connected to the <a href="https://crypto.news/tag/Solana/" target="_blank" rel="noreferrer noopener">Solana</a> ecosystem, will soon appear on the <a href="https://crypto.news/tag/Telegram/" target="_blank" rel="noreferrer noopener">Telegram</a> and Unisol-X platforms. 
Trading bots in the Telegram messenger quickly gained popularity among cryptocurrency traders who prefer trading assets on decentralized exchanges (<a href="https://crypto.news/tag/dex/" target="_blank" rel="noreferrer noopener">DEX</a>). Unibot, launched in May 2023, was considered the leader in terms of the number of users and trading turnover. 
However, in October 2023, the trading bot&nbsp;<a href="https://crypto.news/unibot-suffers-token-approval-exploit-token-is-down-25/" target="_blank" rel="noreferrer noopener">was hacked</a>. The damage amounted to about $650,000, including 305 Ethereum (<a href="https://crypto.news/price/Ethereum/" target="_blank" rel="noreferrer noopener">ETH</a>) and 39,000 <a href="https://crypto.news/price/usd-coin/" target="_blank" rel="noreferrer noopener">USDC</a>. The project team encountered a token assertion vulnerability in the new router. To solve the problem, the developers have temporarily suspended work. 
 You might also like: <a href="https://crypto.news/what-are-telegram-bots-and-why-are-they-popular-in-crypto-community/"> What are Telegram bots, and why are they popular in crypto community? </a>

UNIBOT collapses by 45% on termination of Solana cooperation

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