A Telegram buying and selling bot crypto challenge that was launched earlier this yr has been exploited for greater than $600,000.
In response to the staff behind the Unibot (UNIBOT) crypto challenge, 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 comprise the problem.
Any funds misplaced as a result of bug on our new router can be compensated. Your keys and wallets are secure.
We are going to 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 response to 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 (value ~$640,000) and laundered them through TornadoCash.”
At time of writing, the loot of stolen crypto is value $640,745.
The Unibot buying and selling bot was launched in Might of 2023. UNIBOT is value $42.11 at time of writing, down 36% within the final month.
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