Unibot, a well-known Telegram bot for Uniswap trading, suffered an approval vulnerability on Tuesday, resulting in a loss of tokens valued above $600,000.

A newly deployed contract was compromised, leading to the loss of several meme coins belonging to users. 

The firm pinpointed the problem as a “token approval exploit” from its new router, which led them to momentarily halt the router to address the issue.

“We experienced a token approval exploit from our new router and have paused our router to contain the issue,” the team said on X.

“Any funds lost due to the bug on our new router will be compensated. Your keys and wallets are safe.”

PeckShield initially detected the…

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