The Unibot hacker has moved $630,000 of the stolen funds from the favored Telegram buying and selling bot by way of the sanctioned mixing protocol Twister Money, on-chain knowledge exhibits.
In an Oct. 31 put up on X(previously Twitter), the Unibot crew confirmed that the platform suffered a “token approval exploit” on its new router.
“We skilled a token approval exploit from our new router and have paused our router to comprise the problem,” Unibot stated.
The hack resulted in Unibot’s native UNIBOT token tanking by greater than 30% to as little as $32.94 earlier than recovering to $46.02 as of press time, based on CryptoSlate’s knowledge.
How Unibot was exploited
Whereas the buying and selling bot crew failed to supply details about the quantity stolen, stories from crypto safety agency Cyvers Alerts estimated that the hacker took round 345 Ethereum (ETH), equal to $630,000, from the platform.
Cyvers Alerts stated the attacker was funded through Fastened Float and that:
“The foundation trigger [of the hack] seems to be the absence of enter for the ‘transferFrom’ operate to switch tokens which have been granted approval to the contract.”
Nonetheless, the Unibot crew has tried to downplay the impact of the incident, assuring victims that they are going to be compensated and that their “keys and wallets are secure.”
“We are going to launch an in depth response after investigations conclude,” Unibot added.
Fund motion
Knowledge from Debank exhibits that the pockets related to Unibot exploiter first exchanged the entire stolen digital property, together with meme cash, for Ethereum through decentralized change platforms like Uniswap and 1inch.
Subsequently, the attacker then transferred all of those ETH through Twister Money in an try to obfuscate his transaction path.
The pockets solely has about $69 price of digital property left in its holding as of press time.