A new contract deployed on Oct. 29 by Unibot, a popular Telegram bot used to snipe trades on the decentralized exchange Uniswap, was reportedly exploited for roughly $560,000 in various memecoins from users.
On Oct. 31, blockchain analytics firm Scopescan alerted Unibot users about an ongoing hack on Unibot that went undetected. An exploit on a newly deployed contract by Unibot drained the crypto holdings of several users.
.@TeamUnibot seems exploited, the exploiter transfers memecooins from #unibot users and is exchanging them for the $ETH right now.
The current exploit size is ~$560K
Exploiter address:https://t.co/ysyTmgUAit pic.twitter.com/MF85Fdk892
— Scopescan ( . ) (@0xScopescan) October 31, 2023
Unibot later confirmed the hack by revealing initial details:
“We experienced a token approval exploit from our new router and have paused our router to contain the issue.”
Amid ongoing investigations from Unibot and blockchain investigators, Scopescan advised users to revoke the approvals for the exploited contract (0x126c9FbaB3A2FCA24eDfd17322E71a5e36E91865) and move the funds to a new wallet.
The hacker is in the process of converting the stolen memecoins into Ether (ETH), blockchain data from Scopescan…
