Unibot hacked, token plunges by 50%, Unibot official: Full compensation
Automated trading tool Unibot reported hacked, current attack method unknown, cybersecurity agencies urge users to revoke contract authorization immediately, Unibot officials claim user security is not compromised and will fully compensate.
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Unibot Hacked, Currently Losses Around $600,000
Blockchain analytics firm Scopescan has reported that hackers transferred meme coins from user wallets, including:
$DAVID
$TISM
$AIX
$BCAT
Platform token $UNIBOT
The hackers quickly converted them to ETH, resulting in losses estimated at around $560,000.
.@TeamUnibot seems exploited, the exploiter transfers memecooins from #unibot users and is exchanging them for the $ETH right now.
The current exploit size is ~$560K
Exploiter address:https://t.co/ysyTmgUAit pic.twitter.com/MF85Fdk892
— Scopescan (🪬 . 🪬) (@0xScopescan) October 31, 2023
Users Urged to Revoke Unibot Smart Contract Authorization Immediately
Scopescan also advises users to revoke their smart contract authorization with Unibot immediately and transfer funds to a new wallet.
Unibot Token Plummets by 50%
Unibot UNIBOT experienced a rapid decline after the hack.
Earlier reports indicated that blockchain security company Certik had warned about the risks of many Telegram Bots creating encrypted wallets for users online, as the ownership of private keys remains unknown.
Telegram Bot Tokens Surge 100x in Two Months, Blockchain Security Firm CertiK Warns of High Unknown Risks
oof
UNIBOT down 52% already https://t.co/2msmBiaer7 pic.twitter.com/cqfAHv1E5u
— Skew Δ (@52kskew) October 31, 2023
Unibot Official: Compensating All Losses
Unibot's tweet stated that they have temporarily halted the router to contain the vulnerability, and any users who suffered losses due to the approval vulnerability in the new router will be compensated.
The official statement claims that users' private keys and wallets are secure and that an incident report will be released in the future.
We experienced a token approval exploit from our new router and have paused our router to contain the issue.
Any funds lost due to the bug on our new router will be compensated. Your keys and wallets are safe.
We will release a detailed response after investigations conclude.
— Unibot (@TeamUnibot) October 31, 2023
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