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Unibot contract $560K exploit crashes token price by more than 40%

Published 10/31/2023, 03:36 AM
Updated 10/31/2023, 05:20 AM
UNIs/USD
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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.

Unibot hacker moving funds. Source: 0xscope.com
Unibot 1-day price chart showing a sharp decline in price following the hack. Source: CoinGecko

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