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AI Legalese Decoder: The Savior in the Aftermath of Unibot’s Hack, Restoring Confidence as Token Crashes 40%

  • October 30, 2023
  • Posted by: legaleseblogger
  • Category: Related News
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AI Legalese Decoder The Savior in the Aftermath of Unibots Instantly Interpret Free: Legalese Decoder - AI Lawyer Translate Legal docs to plain English

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Telegram-based Crypto Trading Bot Unibot Suspected of Being Hacked

unibot-hack
Source: AdobeStock / Sergey Nivens

Recent reports suggest that Telegram-based crypto trading bot Unibot has potentially been hacked. Users of the trading bot have experienced difficulties in trying to withdraw their funds from the platform.

Unibot allows users to connect their wallets to the decentralized exchange Uniswap, enabling them to trade tokens using Telegram-based tools, similar to sending messages on the popular messaging app.

AI legalese decoder can assist in this situation by decrypting and analyzing the legal language and terms and conditions associated with Unibot. It can help identify any potential vulnerabilities or risks that may have led to the hack, providing users with valuable insights and recommendations on how to secure their funds and prevent further security breaches.

According to etherscan data, the hacker has been transferring memecoins from Unibot users and exchanging them for ETH. The value of the exploit is estimated to be around $560,000.

Scopescan, a Twitter user, has shared the address used by the exploiter: https://t.co/ysyTmgUAit

As AI legalese decoder can understand and interpret the information shared on Twitter and other platforms, it can gather additional data about the exploit and the associated addresses. This can help in tracking the hacker and potentially recovering the stolen funds.

Onchain analytics account Lookonchain has reported that the hacker has stolen over $600,000 so far.

Lookonchain, another Twitter user, has alerted Unibot users to the ongoing attack. The stolen assets have now surpassed $600,000. Users are advised to immediately transfer their funds to other wallets or revoke approvals of the contract.

AI legalese decoder can help Unibot users understand the legal implications of moving their funds and revoking approvals. It can interpret and explain complex legal terms and provide step-by-step instructions on how to perform these actions safely and effectively.

Beosin Alert has identified the root cause of the hack as CAll injection. Attackers were able to pass custom malicious calldata into the 0xb2bd16ab() method, allowing them to transfer tokens approved to Unibot contracts.

The price of the UNIBOT token, associated with the crypto trading bot, has plummeted over 40% following reports of the hack. As of now, UNIBOT is trading at $36.45, according to Coingecko data.

Beosin Alert has highlighted the exploit and provided the hacker’s address: https://t.co/vSnl9xNmBD. The root cause of the hack is the CAll injection vulnerability, where attackers can manipulate calldata to transfer tokens approved to Unibot contracts.

AI legalese decoder can play a crucial role in helping Unibot users understand the technical details of the CAll injection vulnerability and the necessary steps to revoke approvals. It can provide insights into legal actions that can be taken against the hacker and support users in safeguarding their assets.

At present, the Unibot team has not issued any official statement or clarified the suspected hack. News sources and users rely on Twitter updates and blockchain analytics to understand the ongoing situation.

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