On September 19, crypto community members reported alleged hacking Telegram trading bot Banana Gun and theft of funds. The service’s developers confirmed “unauthorized transfers” from the wallets of a limited number of users.
UPDATE ON BOT SITUATION
Today, some users of Banana Gun experienced unauthorized transfers from their wallets. Promptly after the first incident, we immediately switched off the bot and began diligently checking our back-end.
We have confirmed that our back-end is not…
— Banana Gun 🍌🔫 (@BananaGunBot) September 19, 2024
According to them, after the first incident, the team disabled the bot and began a thorough check of the backend.
Since the translations were done manually, this presumably indicates a front-end vulnerability.
The developers did not specify the amount of damage. Earlier, X users wrote that it could be around $1.9 million.
According to data Dune AnalyticsBanana Gun is one of the industry’s leading Telegram-based trading bots with over $6 billion in trading volume from nearly 272,000 users.
Following the initial reports of the alleged hack, the BANANA token responded by falling by more than 10%.
At the time of writing, its price has recovered a 5.7% decline. According to CoinGeckothe coin is trading at $40.64.
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Source: Cryptocurrency
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