Unibot Hack: When Memecoins Become “Meme-steal”-coins!

Unibot Scandal $560K Exploit Causes Token Price to Plummet 40%

Unibot contract exploit devastates token price, drops by 40%+.

Well, well, well, my fellow digital asset investors, we have another one for the crypto chronicles! Brace yourselves for the latest eyebrow-raising misadventure in the blockchain realm. So, here’s the scoop – Unibot, your trusted Telegram bot for sniping trades on Uniswap, got entangled in some serious trouble. And by serious trouble, I mean a whopping $560,000 worth of memecoins got swiped from some unsuspecting users!

Believe it or not, this hack went completely unnoticed by the Unibot folks until blockchain analytics firm Scopescan blew the whistle on October 31st. Those sneaky culprits managed to exploit a freshly baked contract from Unibot, draining the precious crypto holdings of several unfortunate souls.

Hold your digital horses, things get even wilder! Unibot had no choice but to confirm this unfortunate incident. Their official statement went something like this: “We experienced a token approval exploit from our new router and have paused our router to contain the issue.” Oh boy, that’s a new way to “contain” a problem!

But wait, there’s more! Scopescan, in all its investigative glory, urged affected users to revoke approvals for the exploited contract (0x126c9FbaB3A2FCA24eDfd17322E71a5e36E91865) and move their funds to a brand-spanking-new wallet. A move that would’ve saved them from being part of a hacker’s twisted meme coin collection.

Now, picture this – a digital outlaw silently transforming stolen memecoins into shiny Ether (ETH). Sneaky, right? Well, guess what, that’s exactly what the hacker was up to! Blockchain data from Scopescan reveals the dark art of conversion taking place as we speak.

But hey, the market couldn’t care less about this hacker’s ill-gotten gains. Immediately after the incident, the UNIBOT token witnessed a jaw-dropping 42.7% price drop, as if it stepped on a Lego brick in the middle of the night. Ouch! From $57.56 to $32.94 faster than a rollercoaster ride. Buckle up, my adventurous investors!

But don’t lose all hope just yet. The UNIBOT token, like a noble phoenix rising from the ashes, is making a valiant recovery attempt as we speak. Cross your fingers, double-cross your toes, and let’s hope for the best!

Oh, and hold on tight! Unibot is stepping up to the plate. They’re committed to compensating all users who fell prey to this contract exploit extravaganza. And guess what was part of the loot? Joe (JOE), UNIBOT, and BeerusCat (BCAT) coins. Looks like the hacker had a thing for a fine, diverse collection. Who knew meme-stealing could be so lucrative?

But here’s a little twist to keep you on your toes. Our pals at Scopescan discovered something intriguing. There’s an address (0x835B) that’s suspiciously identical to the one that got thoroughly exploited. And guess what this sneaky address has been up to? It’s lovingly receiving tokens from unsuspecting victims, just like a Venus flytrap luring in its prey. Watch out, my fellow investors! Stay sharp and zig when they zag!

Now, before I go, here’s another gem for you. Remember the Maestrobots on Telegram? Well, they also fell victim to a similar contract exploit. 280 ETH (that’s a whole lot of digital dough) got swiped from innocent users. But here’s the twist: Maestrobots, in a surprising move, decided to use their own hard-earned revenue to compensate all of those affected users. Kudos to them! In total, they paid a staggering 610 ETH to make things right. That’s one way to show some love to your users, right?

Alright, my dear crypto enthusiasts, that’s all the drama for today. Remember, the digital landscape can be a wild ride, but let’s stick together and keep our eyes peeled for those pesky hackers. Until next time, happy investing and stay crypto-savvy!

Excited to hear your thoughts on this thrilling blockchain saga! Have you ever encountered a hack or exploit in the crypto world? Share your stories below and let’s learn from each other! 🚀💰💻

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

report! This 14,000-person hacker organization is eyeing the exchange | DVP hackers are coming to an end

According to Baihuhui, in 2018, the economic loss caused by security problems in the digital currency industry was 2....

Blockchain

Look at IEO, the dilemma of markets, exchanges, project parties and investors

"IEO's projects are flying, do you want to follow?" Wei Dong entered the currency circle for more than...

Blockchain

Hong Kong Cryptocurrency New Policy's One-Year Anniversary A Year of Major Leaps and Key Milestone Review

Over the past year, Hong Kong has made great progress and shown strategic development in virtual asset policies. Sinc...

Blockchain

The volatility product "Turtle Bunny Card" is available, is the coin derivative a devil or an angel?

On May 30th, Dr. George Cao, founder and CEO of BitMax.io, visited the ChainNode live room and talked to Babbitt edit...

Blockchain

Gu Yanxi: The Governance Mechanism of the Future Encrypted Digital Asset Trading Industry

More and more encrypted digital asset exchanges have emerged in the US market recently. In addition to existing encry...

Blockchain

WIRED Investigating the Mysterious Hacker Incident on the Day of FTX Bankruptcy

Author | Wired Translated | Wu Shuo Blockchain Original Link https//www.wired.com/story/ftx-1-billion-crypto-heist/ w...