Maestro Bot on Telegram Swiftly Refunds Users After Router Exploit
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Maestro trading bot on Telegram refunded users 610 ETH after its router contract was exploited for 280 ETH.
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The exploit affected 11 tokens across Maestro's Ethereum, BNB Chain and Arbitrum networks. Maestro bought back and refunded 9 tokens and compensated the other 2 in ETH.
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Security firm CertiK confirmed Maestro paid out 334 ETH to cover all user losses, totaling 610 ETH in refunds.
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The router exploit occurred on Oct 24 but was identified within 30 mins. Maestro quickly resumed trading after.
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Maestro has over 100k Telegram subscribers. It offers crypto trading bots across multiple networks with a 1% default transaction fee.