MaestroBots, a prominent cryptocurrency trading bot on the Telegram messenger app, has swiftly taken action to refund users who were affected by a recent smart contract exploit.
In an incident that unfolded on October 24, a total of 280 ETH was targeted.
In response, the Maestro team took immediate action to refund the users impacted by the Maestro Router 2 contract exploit. This commitment to user security and trust was announced on social media platform X (formerly Twitter) on October 25.
MaestroBots allocated a substantial sum of 610 ETH from its own revenue to cover all user losses. At the time of writing, this sum exceeded $1 million. The statement from MaestroBots read, “Every wallet that lost tokens in the router exploit has now received the full amount they lost. Some of you ended up with even bigger bags.”
For nine out of the 11 exploited tokens, MaestroBots opted to buy and refund tokens instead of sending ETH, deeming it the most equitable and comprehensive refund. MaestroBots spent 276 ETH to secure users’ tokens, demonstrating their commitment to user safety.
