• A security compromise occurred at the Banana Gun trading bot on Telegram.
  • The hackers apparently took over 563 ETH from 36 separate wallets associated with the bot.

When news spread about the Banana Gun Hack and how user wallets were compromised, it sent shockwaves across the crypto world. A security compromise occurred at the Banana Gun trading bot on Telegram, leading to the loss of almost $1.4 million, or 563 ETH. Despite the scale of the hack, the perpetrator reportedly stole money from less than 50 user accounts on Telegram.

Moreover, new information revealed by X community members has brought the Banana Gun Hack scenario to a far higher level of seriousness. The hackers apparently took over 563 ETH from 36 separate wallets associated with the bot.

Investigation Underway

Furthermore, the bot was immediately disabled as the development team began an exhaustive investigation into this incident. The rapid action of the team is directed at determining the scope of the breach and stopping any more illegal access.

Also, the hacked accounts belonged to a trading community that took use of the bot to automate transactions and profit from the launch of new tokens. The team’s inability to communicate with certain consumers was a source of frustration for them. According to the user, the team should post a tweet about it since a lot of people are already concerned.

After the crypto attack, the Banana Gun team went to their own Telegram channel to warn users about the bot. And encourage them not to use it for transactions. They emphasized the importance of securing assets. Various members of the community have voiced their concerns. And advocated for stricter security measures to forestall such crypto attacks in the future.

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