Security Flaw in Maestro Bot Leads to 334 ETH Refunds for Affected Customers
In Brief
The Maestro Telegram bot was hit by a security breach, which resulted in the misappropriation of more than 280 ETH from the Maestro Router 2 contract.
In light of this incident, the Maestro team acted quickly, transitioning to a more secure version of the router and ensuring that all affected users would be fully reimbursed.
The Maestro Telegram bot for cryptocurrency trading encountered a serious vulnerability on the ETH Mainnet that resulted in the theft of over 280 ETH (roughly $458,000) in digital assets. After the encountered issue was discovered, the Maestro team rapidly responded by updating to a more secure router version, allowing trading to continue without the previous risk of similar breaches. Remarkably, they identified and removed the exploit within just 30 minutes. breach Following this, the team implemented a solid strategy to rectify the situation. For those users who lost tokens due to the router exploit, the Maestro team committed to providing full compensation for their losses.
The individual responsible for the exploit managed to siphon off 280 ETH through token sales before the Maestro team could permanently neutralize the threat. Once the new router was secured, the focus shifted to determining refund options. This was a complex matter, considering that the affected users lost tokens rather than ETH.
Maestro: Approximately 10 hours ago, Router 2 was compromised on the ETH Mainnet, leading to the loss of various tokens (excluding ETH). Within 30 minutes of the attack commencing, our team recognized and completely eliminated the exploit. If you’re…
the Maestro team wrote on X.
Additionally, the Maestro bot expended 276 ETH to protect users’ tokens. Users are encouraged to verify their token allocations by checking the token contracts within the bot and confirming them against their wallets.
Regarding the two remaining tokens, JOE and LMI, a lack of sufficient liquidity hindered the team's ability to repurchase them. Thus, affected users were refunded the ETH equivalent of their tokens, along with an additional 20% bonus as a goodwill gesture. Overall, the refund disbursements totaled 334 ETH.
Nonetheless, holders of JOE and LMI tokens experienced substantial losses. Even with a 20% bonus refund, it doesn't quite compensate for the situation, especially given that these tokens’ values surged today.
Remarkably, the entire refund process was finalized within a span of just 10 hours, costing the team a total of 610 ETH in the process. They confirmed that Maestro: Router 2 is now fully secure, with the team committed to upholding user safety and satisfaction.
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In line with the Trust Project guidelines Agne is a journalist who explores the latest trends and advancements within the metaverse, AI, and Web3 sectors for the Metaverse Post. Driven by a passion for storytelling, she has conducted numerous interviews with field experts, constantly uncovering captivating narratives. Agne holds a Bachelor’s in literature and has a rich background in writing on a variety of topics, from travel and art to culture. Additional to her journalism, she has offered her time as an editor for an animal rights organization, contributing to raising awareness about animal welfare. You can reach her at
