Maestrobots, a group of cryptocurrency bots on Telegram Messenger, is refunding users after a 280 Ethereum (ETH) attack.
Maestro team refunds users affected by Maestro Router 2 contract, platform declare Published on X (formerly Twitter) on October 25th. According to the announcement, Maestrobots paid a total of 610 ETH of its own earnings to cover all user losses, which as of this writing is worth over $1 million.
“Every wallet that lost coins in the router bug has now received the full amount lost. Some of you ended up with larger packages,” the guru wrote.
The Maestro team noted that part of the amount has been repaid in affected tokens and ETH. For nine of the 11 exploited tokens, Maestro chose to purchase the tokens and refund them rather than send ETH because “it was the fairest and most complete refund it could offer.” “We spent 276 ETH to protect users’ tokens,” Maestro added.
Maestro said affected users of the other two exploited tokens, including JOE and LMI, were refunded in the form of ETH, citing a lack of liquidity to buy back the lost tokens. The announcement added:
“So we compensated affected users with ETH equivalent to their tokens and increased that amount by 20% because that’s what you deserve. These refunds cost 334 ETH.”
Blockchain security firm CertiK confirmed to Cointelegraph that it has been able to detect transactions showing Maestro paying users 334 ETH in compensation.
The refund came shortly after Maestro reported a failure of the MaestroRouter on the ETH mainnet. compromising On October 24, hackers used the exploited token to steal approximately 280 ETH, which was worth approximately $485,000 at the time of the hack. The Maestro team said they identified the attack and completely eliminated the vulnerability within 30 minutes of it starting. The platform also quickly resumed trading, temporarily halting token pools on SushiSwap, ShibaSwap, and ETH PancakeSwap.
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“The wallet was not compromised at all in this attack. This was purely targeting the router,” Maestro wrote.
According to CertiK’s executive summary, Maestro’s smart contract breach affected a total of 106 user addresses. Affected tokens include MOG, LMI, JOE, BANANA, OGGY, JIM, ETF, LP, APU, Real Smurf Cat, and PROPHET.
“Most coins have rallied in anticipation that we will be buying the coins in the market. Most of these coins still exist,” a spokesperson for Maestrobots told Cointelegraph.
Maestro, also known as MaestroBots on X, is a Telegram bot that facilitates transactions on three networks: Ethereum, BNB Chain and Arbitrum, with a default transaction fee of 1%. The Maestro robotic system has three different robots, including Maestro Whale Bot, Maestro Sniper Bot, and Maestro Wallet Bot. Maestro Bots Hub Telegram Channel have As of this writing, it has over 100,000 subscribers, while its X account has over 24,000 followers.
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