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Unibot, a Telegram bot initiative, announced earlier today its decision to sever ties with the Solana blockchain, citing significant challenges, including the unauthorized deployment of the "evm_unibot" bot. The core team expressed concern over the lack of prior consent or authorization for the launch, highlighting potential security issues and prompting a reevaluation of their partnership with Solana.
The Unibot team pointed to a breach of trust, specifically citing the release of the "evm_unibot" (Blast bot) without proper authorization. They highlighted users' difficulties in withdrawing funds and accused Solana of non-compliance with Know Your Customer (KYC) protocols, raising concerns about the ecosystem's adherence to regulatory standards and transparency.
Dear Community Members,
— Unibot (@TeamUnibot) March 11, 2024
We are reaching out to share a significant update regarding our collaboration with the team which deployed Unibot on Solana.
After careful consideration and feedback from our partnered organizations, the Unibot core team has decided to part ways with the…
Despite repeated efforts by the Unibot core team to retrieve pledged funds from Solana, the blockchain allegedly failed to meet its commitments. This failure, coupled with concerns about the well-being of Unibot holders and the overall financial implications of the partnership, led to the decision to terminate the collaboration.
These serious allegations come at a time when Solana has experienced substantial growth over the past year. SOL's price surged by 111% in the previous ninety days and an additional 38% in the last thirty days. Solana's current trading price is approximately $149, with a daily trading volume exceeding $5 billion and a market valuation of $66 billion.
DeFiLlama's data reveals a 71% increase in Solana's Total Value Locked (TVL) over the last month, reaching $3.25 billion, showing a 24% increase in the last seven days.
The Unibot core team has now decided to end their collaboration and requested Solana to rebrand itself to avoid misrepresentation of Unibot's principles. The team is now focused on internally developing an exclusive Solana bot. Additionally, Unibot has announced a new partnership with [Redacted] and teased the upcoming release of a paid Solana bot on the Unisol-X and Telegram platforms, with direct SOL reward tokens for users from the Unibot Core Team.
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Brenda has been a news writer since 2019 with a deep background in crypto. Brenda commits to producing excellent, well-optimized content to ensure consumer satisfaction.