- Bitbot presale continues to attract investor attention as traders eye its key features.
- Ripple co-founder confirms $112M hack as XRP hovers above key level
- As the world's first non-custodial Telegram bot, Bitbot could outperform Unibot, Banana Gun and others.
As January came to a close, the crypto market was hit by news that Ripple, the creator of cryptocurrency XRP, had been hacked.
The compromise sent the coin’s price plummeting below $0.50, with Ripple co-founder Chris Larsen confirming that the company had indeed been hacked for over 213 million XRP. Amid the news, Bitbot (BITBOT) continued to signal its potential to dominate the crypto trading market.
Ripple co-founder confirms $112M hack
Blockchain sleuth ZachXBT noted today that the stolen XRP, worth over $112 million at the time, had been laundered via several centralized exchanges. That included Binance, MEXC and Gate.
Larsen said via a post on his X account that the exploit happened on January 30, with his personal XRP accounts also targeted. Ripple identified the incident and quickly notified exchanges to freeze the addresses used in the attack. The Ripple chief also said law enforcement is already on top of the matter.
As the news unfolded, XRP price fell to lows of $0.49, shedding more than 5% before paring some of the losses as it moved back above $0.50. Recently, the price of the 6th-ranked coin by market cap hovered near this level as crypto exchange Bitfinex announced it had thwarted an XRP hack attempt.
Bitbot unfazed as crypto community targets bull market
While things are a bit shaky for Ripple today, Bitbot, the Telegram trading bot set to catapult crypto trading to the next level, is seeing unprecedented interest in its presale.
The trading solution comes loaded with a game-changing feature that has the market buzzing for its upcoming launch. The native token BITBOT went live in presale on January 17.
The non-custodial Telegram trading bot
Bitbot isn’t just another Telegram-based bot hitting the market; it’s the world’s first non-custodial trading app on Telegram. With a suite of security and privacy features, Bitbot stands out as the top new trading bot that brings institutional-grade trading tools to the retail user.
In 2023, Unibot and Banana Gun suffered exploits that left the Telegram crypto trading community with notable losses. Bitbot addresses the challenge that these apps face with its MPC custody integration, ensuring control of user assets remains with asset holders. With Bitbot, it’s “your keys, your wallet, your assets.”
Knightsafe, a decentralized digital asset custody provider, backs Bitbot’s non-custodial API technology, ensuring a keyless wallet management system for the app and control of private keys for the trader. Anti-MEV and anti-rug security features add to the robust protection users get.
Bitbot presale gathering pace
With the current crypto market outlook firmly in support of a new bull cycle despite incidents like the Ripple hack, traders are anxiously awaiting the launch of Bitbot. Bitcoin’s halving and mega predictions for Ethereum are some of the positive catalysts analysts are looking at as the market resets following January’s swings.
The outlook has seen Bitbot’s presale attract more participants keen to position ahead of BITBOT token’s debut in the market. BITBOT holders will enjoy benefits such as revenue sharing, governance rights and exclusive discounts. The $100,000 Bitbot airdrop, where 100 presale participants have a chance to win $1,000 each, is one of the hottest giveaways in the market today.
Yet, what could be more attractive is its potential to outperform the Telegram bots sector, likely overtaking UNIBOT, CGPT and BANANA. This outlook has the Bitbot presale on fire, with early birds quickly grabbing a share of the 30% of the project’s total supply of 1 billion BITBOT.
