Telegram Bot Maestro Refunds 610 ETH After Router Breach

Telegram Bot Maestro Refunds 610 ETH After Router Breach

Maestrobots, a network of cryptocurrency bots on the Telegram messenger app, is refunding users after a 280 Ether attack.

The Maestro team refunded users affected by the Maestro Router 2 contract,  announced X (formerly Twitter) on October 25.

According to the announcement, Maestrobots paid a total of 610 ETH from its revenue to cover all user losses, which at the time of writing was worth more than $1 million.

“Every wallet that lost tokens in the router exploit has now received the full amount they lost. Some of you ended up with even bigger bags,” Maestro wrote.

The Maestro team noted that certain amounts had been refunded in affected tokens and ETH.

Maestro chose to acquire and refund nine out of eleven exploited tokens rather than sending ETH because “it’s the most equitable and complete refund” it could offer. “We spent 276 ETH to secure our users’ tokens,” Maestro explained.

According to Maestro, users of the other two exploited tokens, including JOE and LMI, were refunded in ETH, noting a lack of liquidity to purchase back the stolen tokens. The statement continued:

“So we compensated affected users with the ETH equivalent of their tokens, and boosted that amount by 20% because you deserve it. These refunds cost 334 ETH.”

CertiK, a blockchain security company, verified to Cointelegraph that it was able to identify the transactions showcasing the 334 ETH compensation paid out by Maestro to its users.

The refunds occurred shortly after Maestro reported that the MaestroRouter on the ETH mainnet had been compromised on October 24, allowing hackers to steal approximately 280 ETH in exploited tokens worth approximately $485,000.

The Maestro team identified the attack 30 minutes after its initiation and completely removed the exploit.

In addition, the platform rapidly resumed trading after temporarily suspending token pools on SushiSwap, ShibaSwap, and ETH PancakeSwap.

“Wallets were not compromised at all during this attack. This was purely directed at the Router,” wrote Maestro.

According to CertiK’s executive summary, 106 user addresses were affected by Maestro’s smart contract breach.

MOG, LMI, JOE, BANANA, OGGY, JIM, ETF, LP, APU, Real Smurf Cat, and PROPHET were among the tokens affected.

“Most of these tokens pumped back up due to the anticipation that we were gonna market buy the tokens. Most of these tokens are still alive and kicking,” a spokesperson for Maestrobots said.

Maestro, also known as MaestroBots on X, is a Telegram bot that facilitates trades on three networks, including Ethereum, BNB Chain, and Arbitrum, with a transaction charge of 1% by default.

The Maestro bot system includes the Maestro Whale Bot, Maestro Sniper Bot, and Maestro Wallet Bot.

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