MaestroBots, a popular cryptocurrency trading bot on the Telegram messenger app, has taken swift action to refund users who were affected by a recent smart contract exploit. The incident occurred on October 24, targeting a total of 280 ETH. The Maestro team immediately responded by refunding the impacted users and allocated 610 ETH from their own revenue to cover the losses. This commitment to user security and trust was announced on social media platform X on October 25. MaestroBots chose to buy and refund tokens for most of the affected tokens, spending 276 ETH to secure users’ tokens. However, due to liquidity constraints, the refund for two tokens, Joe (JOE) and Lockheed Martin Inu (LMI), was issued in ETH. To show appreciation for the affected users’ trust and support, MaestroBots increased the refund amount by 20%. CertiK, a blockchain security firm, verified the transactions and confirmed the 334 ETH compensation disbursed to users. Abbas Abou Daya, CEO of MaestroBots, emphasized the company’s commitment to user safety and explained the decision to buy and refund tokens for most of the affected tokens. The full refund campaign was completed within 10 hours of the exploit, demonstrating the team’s quick response. MaestroBots apologized for the error and assured users that Maestro: Router 2 is now completely safe. CertiK also confirmed the safety and integrity of Maestro: Router 2 following the incident. MaestroBots is a leading Telegram bot for cryptocurrency trading, prioritizing user security and promptly addressing and resolving issues like the recent smart contract exploit.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	North America
Countries	🇨🇦
Sentiment	positive
Relevance Score	1
People	Abbas Abou Daya
Companies	MaestroBots, Maestro: Router 2, CertiK, X
Currencies	lmi, Ethereum, JOE
Securities	None