- Maestro reportedly identified and fixed its router vulnerability that caused a loss of $500,000 in various memecoins.
- Users lost a total of 280 ETH ($500K) worth of various altcoins, including JOE, BANANA, and LMI.
- The platform assured the resumption of trading activities and refunds to the affected customers.
Crypto trading bot Maestro announced the resumption of trading activities following a serious router vulnerability that resulted in the loss of $500,000 in various memecoins. As per Maestro’s latest tweet, the exploit had been identified and fixed, updating the router into a “safe, exploit-free implementation.”
The router exploit has been fully identified and dealt with.Our router has been updated to a safe, exploit-free implementation. Trading can resume as normal, but tokens with pools on SushiSwap, ShibaSwap, and ETH PancakeSwap will be temporarily unavailable.
Thank you…
— Maestro (@MaestroBots) October 25, 2023
Reports on October 4 identified a critical hack in the Maestro ecosystem, warning, “Maestro router is compromised!” The revelation unveiled the hacker’s dumping of a plethora of memecoins, including JOE, BANANA, LMI, etc.…
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