2023-10-25 15:31:22
The world of digital finance recently experienced a massive upheaval as Maestro, one of Telegram’s extensive bot projects, suffered a major external attack on October 24th. The breach allowed the hackers to steal a significant amount of more than 280 ETH ETH PRICE. Telegram’s trading bot Maestro is a notable name in crypto trading, especially for messaging users. Router 2 contracts play a central role in the operation. If you have never heard of trading bots, you can get a detailed description in our guide. The recent hack of this contract affected 106 users and 280 Ethereum. It also serves as a grim reminder to us: even the most experienced development teams make mistakes, so it’s a good idea to double-check permissions and only perform the operation when necessary. Maestro reacted quickly to the attack. The team released an official statement acknowledging the issue and assuring the community that they have migrated to a more secure version of the router. This means that trading can continue without the threat. “We updated our router to a secure, burglar-proof version. Trading can continue as usual, but tokens with SushiSwap, ShibaSwap and ETH PancakeSwap pools will be temporarily unavailable. Thank you for your patience,” they write in Maestro’s statement. The statement reveals that the tokens connected to the SushiSwap, ShibaSwap and ETH PancakeSwap pools will remain unavailable for an indefinite period of time. Nevertheless, it is reassuring that Maestro is committed to the stakeholders. Quick reaction and generous reimbursement In a statement issued quickly following the detection, they assured the stakeholders that their team is working diligently to develop the most appropriate strategy and to provide reimbursement as quickly as possible. “None of you will be left behind, you don’t have to worry. As soon as we are ready to process the refunds, we will inform the community,” the statement reads. One day following the smart contract hacker attack involving 280 Ethereum, Maestro refunded 610 ETH to users. “All wallets that lost tokens during the exploit have now received the full amount they lost. Some got even more,” Maestro wrote. Maestro not only reimbursed the missing amount, but also gave 20% more, thus compensating the users. The move will certainly alleviate the lack of trust that has developed. However, you should be careful with trading bots, as they can carry many risks.
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