Hacked and Crashed Unibot, the Telegram-Based Crypto Trading Bot, Suffers 40% Token Dive

Cryptocurrency Trading Bot Unibot on Telegram Hacked, Resulting in 40% Drop in Token Value
Source: AdobeStock / Sergey Nivens

Oh snap! It looks like the Telegram-based crypto trading bot Unibot might have been hacked. Users are frantically trying to move their funds off the platform like it’s a sinking ship.

Imagine this: Unibot is like a fancy bridge connecting wallets to the decentralized exchange, Uniswap. It’s like trading tokens while casually sending messages on Telegram. But now, it seems like this bridge might have a few holes in it.

According to etherscan data, someone sneaky is moving users’ hard-earned crypto and trading them for ETH. It’s like they’re shady crypto pirates, sailing away with the treasures of the unsuspecting traders.

Wait, there’s more! News just in: The attacker received 1 ETH as a gas fee from FixedFloat coin mixer. One week after the launch of this crypto trading bot, they already made their move. Talk about efficiency!

And the damage doesn’t stop there. Onchain analytics account Lookonchain reported that the exploiter has swiped over $600,000 so far. That’s like a massive heist in the world of cryptocurrencies. I wonder if they wear black suits and use cool gadgets like in the movies.

But how did this happen? Beosin Alert claims the root cause of the hack is a scary-sounding thing called CAll injection. Basically, the attacker pulled off some ninja moves by slipping in malicious calldata into the 0xb2bd16ab() method to transfer tokens approved to Unibot contracts. Sneaky, sneaky!

As news of the hack spread like wildfire, the price of the token crypto trading bot, UNIBOT, took a massive nosedive. It crashed over 40%, as if it were a faulty rollercoaster ride. Investors must have felt like they were thrown into a loop-de-loop without warning.

As of now, UNIBOT is limping at $36.45, according to Coingecko data. It’s like watching a wounded animal trying to recover from a vicious attack.

But fear not, dear investors! The team behind this crypto trading bot platform assured everyone via social media (let’s just call it platform X for mystery’s sake) that they’ve figured out what went wrong. It turns out, they experienced a token approval exploit from their new router. Yikes, even the routers are getting in on the hacking action!

To contain the chaos, they pressed the pause button on the router, just like hitting the breaks when you see a moose crossing the road. Safety first, folks!

And here’s a glimmer of hope: The team also promised to compensate any funds lost due to the bug on the new router. Phew! At least they’re taking responsibility for the mess.

But hey, don’t worry about your keys and wallets. They claim they’re safe and sound. So, kick back, grab some popcorn, and let’s see how this thrilling crypto rollercoaster ride plays out!

Hey, dear readers, have you ever been caught up in a crypto hack? Share your scariest or funniest experiences in the comments below!

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

99% of the transaction volume is fraudulent, what is left behind the false prosperity of the currency circle?

The amount of trading fraud has been ridiculous for the people of the coin circle, but all along, there are always bl...

Opinion

Vitalik said he has never sold ETH for personal gain, we took stock of his personal and charitable wallets

Even if Vitalik Buterin occasionally sells some ETH, it will not have a significant impact on the long-term developme...

Blockchain

A new attempt at traditional finance, the technology of the Stock Exchange enters the currency circle

In January 2019, the London Stock Exchange Group announced a partnership with the digital asset trading platform AAX,...

Blockchain

Coinbase UK's 2018 net profit margin was 4.3%, up 2 points from 2017

Do you think Coinbase makes money? On April 18, according to Cindesk , according to Reuters speculation and calculati...

Market

Interpreting the Current Situation of Digital Asset Custody Opportunities and Challenges for Institutional Investors

With the increasing popularity of digital assets, the demand for institutional-level digital asset custody from famil...

Blockchain

Hackers are getting smarter, with the largest number of exchange attacks ever in 2019

Source | bitcoinmagazine Translation | Huohuo Sauce Production | Blockchain Camp (ID: blockchain_camp) Currently, maj...