The post TeamUnibot Hit With Attack, Stealing Over $600K Lost appeared on BitcoinEthereumNews.com.

In a jolting development, the esteemed cryptocurrency platform TeamUnibot has been besieged by an evil cyber attack, leading to the unlawful acquisition of user assets surpassing a staggering $600,000. The exploiter swiftly converted the stolen funds into approximately 355.75 ETH, valued at around $640,000. Using TornadoCash for laundering purposes has significantly complicated efforts to recover the stolen assets. Prompted by this disconcerting revelation, TeamUnibot has issued a fervent advisory to all users utilizing the Unibot platform. It is of utmost importance for users to expeditiously transfer their assets to secure alternative wallets. Additionally, immediate revocation of any existing contract approvals associated with the compromised system is strongly recommended to prevent further losses. A hacker attacked @TeamUnibot and is stealing the assets of users. As of now, the stolen assets have exceeded $600K. If you use #Unibot, please move your funds to other wallets or revoke approvals of the contract as soon as possible. 0x126c9FbaB3A2FCA24eDfd17322E71a5e36E91865 pic.twitter.com/ioObZ3WAyR — Lookonchain (@lookonchain) October 31, 2023 TeamUnibot’s Response to the Breach In response to this grave breach, TeamUnibot’s technical team has swiftly launched a comprehensive investigation into the incident. The primary focus of this probe is to pinpoint and address the vulnerabilities exploited by the attacker. The team is also focused on fortifying the platform’s security measures to forestall any potential future breaches. We experienced a token approval exploit from our new router and have paused our router to contain the issue. Any funds lost due to the bug on our new router will be compensated. Your keys and wallets are safe. We will release a detailed response after investigations conclude. — Unibot (@TeamUnibot) October 31, 2023 This unfortunate event has underscored the critical need for heightened security awareness and robust protective measures within the cryptocurrency landscape. Users and stakeholders are strongly urged to exercise…

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Filed under: News - @ October 31, 2023 4:10 pm