On October 31, blockchain data firm PeckShield pointed out some strange goings-on with the popular UniBot trading platform. Initial reports have indicated that an exploited contract could be at fault.
The UniBot team confirmed that a token approval exploit on its new router was at the root of the problem. The team has since paused the router to mitigate any further damage.
The UniBot team also promised that,
“Any funds lost due to the bug on our new router will be compensated. Your keys and wallets are safe.”
The price of the native UniBot token has fallen 30% in the meantime as details continue to emerge.
This is a breaking story and will be updated as we receive more information.
The post UniBot Price Drops 30% Amid Token Approval Exploit appeared first on BeInCrypto.