some socials platform will be unavailable. check for updates. follow and subscribe.

According to a recent revelation by BlockBeats, the Telegram Bot project, Maestro, suffered a security breach in which hackers exploited a vulnerability in its router. The attack, which took place on October 25, resulted in the transfer of 280 Ether (ETH) to Railgun, totaling approximately $500,000.

Immediately upon discovering the breach, the Maestro team disabled all functionalities of the compromised router to mitigate the damage. The team has since identified and rectified the vulnerability, restoring normal transaction operations.

However, tokens in the SushiSwap, ShibaSwap, and Ethereum PancakeSwap pools are currently unavailable. The team pledges to process refunds for the affected users swiftly.

According to Paidun's monitoring, the stolen ETH were transferred to Railgun from a phishing address that exploited contract vulnerabilities on Maestro.

Security breaches like these highlight the importance of stringent cybersecurity measures, regular audits, and instant responsive actions in the world of blockchain and cryptocurrency. The Maestro team's prompt response managed to limit the attack's scope and reduce potential damage.