Unibot has fully reimbursed all users who suffered losses due to a recent hacking incident. They’ve spent a total of $1.78 million to cover the money taken from around 600 wallets without authorization.
To address the situation, Unibot acted quickly by suspending the contract that was compromised and canceling permissions for the tokens involved. They’re also offering a special deal: zero transaction fees for the next ten days and a promise of better profits for those who hold their tokens in the future.
After fixing the security issue, they outlined the fairway to refund as follows:
- The market managed to buy back 86% of them, which amounted to 141 out of the 164 affected tokens.
- Joecoin, which suffered the most significant loss in value, was able to recover the entire balance of the lost tokens, totaling around $370,000 at the time of the refund.
- Similarly, they successfully recovered 100% of the tokens for cryptocurrencies like $DAVID, $AIX, $MSTR, $BCAT, $TISM, and $CHAINS. In the cases of $TISM, $KEKEC, and $BCAT, they also provided 50% of the Ethereum (ETH) value at the time of the exploit to compensate for the significant price drop.
- For tokens that had drastically decreased in value, like $MILK, by the time of the refund, they reimbursed the ETH value that was lost during the exploit.
- In the case of other tokens with low market capitalization or poor liquidity relative to their value, it offered a full refund in ETH at the time of the exploit, along with an additional bonus of 20–35%.
After the security breach, Unibot’s token lost a lot of its value, but now the platform is back to normal and taking steps to improve its security measures.
Also Read: Platypus Finance Recovers 90% Of Funds Lost In $2.2M Hack
