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While Bitcoin Rising, This Altcoin Crashed! Here’s Why!

Ukraine seizes $19,500 from crypto wallet dedicated to supporting Russian forces

While Bitcoin Rising, This Altcoin Crashed! Here’s Why!

Telegram Bot project Unibot announced in its post on its X account today that it has decided to part ways with the team that founded Unibot in Solana.

It was stated that the reasons behind this decision were that Solana launched a Blast bot named ‘evm_unibot’ without permission and that the Solana team could not fulfill its commitment to Unibot.

Unibot also said in its statement that they will develop their own proprietary Solana robot.

“We are reaching out to share an important update on our collaboration with the team that built Unibot at Solana.

After careful consideration and feedback from our partner organizations, the Unibot core team has decided to part ways with the team that founded Unibot at Solana.

This decision is driven by security concerns, prompting us to move to in-house development of Unibot and running it on Solana using our secure server infrastructure.

The main reasons for the termination of our partnership are summarized below:

1. A breach of trust occurred because the Solana group launched the Blast bot named “evm_unibot” without prior permission and authorization from us. Users reported that they were unable to withdraw money.

2. KYC rejection

3. Despite multiple attempts to collect fees, the Solana group has failed to honor commitments made to the Unibot core team and has raised concerns about receipt of promised fees to Unibot Owners.”

After this news, UNIBOT price dropped by 40%.

While Bitcoin Rising, This Altcoin Crashed! Here’s Why!

*This is not investment advice.