Maestro, one of the leading Telegram bot projects in the crypto world, fell victim to a $500,000 theft as a result of a critical security vulnerability in the Router2 contract.
#PeckShieldAlert #Phishing #Fake_Phishing188297 has transferred 280 $ETH ($500K) to #Railgun.
— PeckShieldAlert (@PeckShieldAlert) October 25, 2023
These $ETH were stolen as a result of a contract exploit on Maestro bots. pic.twitter.com/1QQCJT9EDL
Promised to Refund Its Users
Only 30 minutes after the theft occurred, the Maestro team swiftly took action to resolve the issue and pledged to reimburse affected users. In order to address the security vulnerability and prevent further damage, they replaced the Router2 contract with a secure Counter contract.
Lastly, with this move, the Maestro team effectively froze all routing operations and also prevented any unauthorized transfers.
