Unibot Token Worth Crashes 30% Following the Exploit
Unibot hack drains over $600K as customers rush to revoke approval.
In keeping with information from CoinMarketCap, the worth of Unibot’s native token plunged from $56 to $39 after information of the hack broke. This represents an almost 30% drop in worth.
In a tweet, the Unibot staff confirmed the hack, saying “We skilled a token approval exploit from our new router and have paused our router to include the problem.”
Unibot is a well-liked Telegram bot that permits customers to commerce cryptocurrencies with out having to go away the Telegram app. It is without doubt one of the hottest crypto buying and selling bots on Telegram, with over 1,300 energetic customers.
The hack serves as a stark reminder of the dangers related to giving up management over non-public keys to third-party providers like buying and selling bots. Whereas handy, bugs just like the one exploited on this case can result in important losses for customers. Unibot has stated they may compensate affected customers, however the full impression remains to be being assessed.
