Customers of Maestro, a well-liked cryptocurrency buying and selling bot, misplaced 280 ETH ($500,000) price of varied memecoins after a just lately deployed router contract was exploited on Oct. 24.

Shortly following the incident, Maestro introduced that the router exploit had been recognized and patched.

“Our router has been up to date to a protected, exploit-free implementation,” the workforce mentioned. “Buying and selling can now resume as regular.”

Whereas buying and selling has resumed, tokens with liquidity swimming pools on SushiSwap, ShibaSwap, and PancakeSwap’s Ethereum deployment are quickly unavailable.

Maestro additionally introduced plans to challenge full refunds to affected customers. The workforce estimates that roughly 280 ETH will must be refunded. Maestro claims that the exploit was restricted to the router and didn’t have an effect on consumer wallets. Due to this fact, tokens held by unaffected customers stay safe.

The incident underscores the danger of utilizing such buying and selling bots, which permit customers to purchase and promote tokens effectively, however require sharing one’s non-public keys and introduce a further layer of good contract threat.