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The UNIBOT token price has tanked by over 40% after the popular Telegram bot was exploited for $630,000. Unibot confirmed the hack on X, stating it had suffered a token approval exploit in its new order router.
The Unibot team stated it had paused the router in an effort to mitigate any further damage.
New Contract Exploited
Unibot deployed the new contract at the center of the exploit on the 29th of October. Unibot is a popular Telegram bot that is used to snipe trades on the decentralized exchange Uniswap. Unibot users were alerted about an ongoing hack on the platform by blockchain security firm Scopescan on the 31st of October on Unibot, which had so far gone undetected. The hack, an exploit on a newly deployed contract by Unibot, had drained the crypto holdings of several users on the platform. Scopescan posted on X,
“@TeamUnibot seems exploited; the exploiter transfers meme coins from #unibot users and is exchanging them for the $ETH right now. The current exploit size is ~$560K.”
Unibot confirmed the hack in a later post, revealing only the…
