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 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 on October 25.
For the remaining two tokens, Joe and Lockheed Martin Inu , the refund was issued in ETH due to liquidity constraints in buying back the lost tokens. To express appreciation for the affected users' trust and support, MaestroBots increased the refund amount by 20%, resulting in a total cost of 334 ETH.
Abou Daya further explained the choice to buy and refund tokens for most of the affected tokens, stating,"For 9 out of the 11 exploited tokens, we chose to buy and refund tokens instead of simply sending ETH because it's the most equitable and complete refund we can offer for the incident. This gives full control back to the user . We spent 276 ETH to secure our users' tokens.
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