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Token price plummets over 40% due to $560K Unibot contract exploit

Token price plummets over 40% due to $560K Unibot contract exploit

Amid ongoing investigations, popular Telegram bot Unibot has been hacked, resulting in the loss of approximately $560,000 in memecoins from users. Blockchain analytics firm Scopescan alerted users to the hack and advised them to revoke approvals for the exploited contract and move funds to a new wallet. The hacker is currently converting the stolen memecoins into Ether. Unibot has confirmed the hack and stated that it will compensate all users who lost funds. This incident follows a similar contract exploit that drained 280 ETH from users of Maestrobots. Maestrobots compensated affected users with ETH equivalent to their tokens, citing a lack of liquidity to buy back the lost tokens.

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