Unibot Confirms Crypto Loss Due to Token Approval Exploit!

The post Unibot Confirms Crypto Loss Due to Token Approval Exploit! appeared first on Coinpedia Fintech News

Unibot, the Telegram-based trading tool, has confirmed that it has been hit by a “token approval exploit” after analysts at PeckShield said $580,000 in crypto had been affected. The company has paused its router in response and confirmed that customers’ keys and wallets are safe. Any funds lost due to the bug on the new router will be compensated, Unibot said in a statement. The announcement saw the price of Unibot’s token drop by 33%, according to CoinGecko. “We will release a detailed response after investigations conclude,” it added.