Telegram Trading Bot Unibot Suffers $640,000 Exploit Against Token Approval Contract: Peckshield
A Telegram buying and selling bot crypto undertaking that was launched earlier this 12 months has been exploited for greater than $600,000.
In accordance with the group behind the Unibot (UNIBOT) crypto undertaking, the character of the hack was a token approval exploit.
“We skilled a token approval exploit from our new router and have paused our router to include the difficulty.
Any funds misplaced because of the bug on our new router might be compensated. Your keys and wallets are protected.
We’ll launch an in depth response after investigations conclude.”
UniBot, which payments itself as “the Quickest Telegram Uniswap Sniper,” has undergone a precipitous 16% drop within the final 24 hours because the information broke. The Telegram bot goals to permit customers to commerce crypto tokens on Uniswap v3. It’s a Leveraged Liquidity Provision (LLP) platform developed by the Singapore-based crypto funding platform Diamond Protocol.
In accordance with crypto safety alert agency Peckshield, one of many exploiters already exchanged the stolen funds for Ethereum (ETH). As well as, the funds have already been laundered.
“Exploiter #1 has swapped the stolen cash for ~355.75 ETH (price ~$640,000) and laundered them by way of TornadoCash.”
At time of writing, the loot of stolen crypto is price $640,745.
The Unibot buying and selling bot was launched in Could of 2023. UNIBOT is price $42.11 at time of writing, down 36% within the final month.
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