Banana Gun Vows $3M Compensation After Telegram Bot Exploit

• Banana Gun will refund $3 million stolen from users after a Telegram bot exploit.
• The bots have been reactivated with enhanced security measures following a thorough investigation.

In a recent post on X, Banana Gun announced plans to refund $3 million stolen from users affected by a Telegram bot exploit last week. The incident impacted eleven users, with hackers stealing 563 ETH from 36 separate wallets associated with the bot. Notably, Banana Gun confirmed that no tokens will be sold to cover these reimbursements.

The attack specifically targeted experienced traders and crypto veterans. Individuals known for their social presence and trading expertise, making them harder to deceive. Victims reported witnessing the attacker manually transferring ETH from their wallets while they interacted with the bot, receiving notifications in real time.

• Banana Gun on its official X post stated,

“After a thorough investigation by the Banana Gun development team and outside experts, we identified a potential vulnerability in the Telegram message oracle we use, which may have led to the exploit.”

Both the Ethereum Virtual Machine (EVM) and Solana bots were affected, despite having distinct codebases and operating independently. After the attack, the bot was shut down, preventing further exploitation. 

Banana Gun has since patched the vulnerability and implemented enhanced security measures to protect users moving forward. The bots have now been reactivated, with assurances that new safeguards are in place to prevent similar incidents in the future. Users are encouraged to stay vigilant and report any suspicious activity.

Banana Gun Token Plummets After Major Flaw

The Banana Gun token has experienced a severe crisis following a major flaw discovered a week ago. Once valued at approximately $8.7, its price has plummeted to near insignificance. Currently, the token’s total market cap stands at just $0.0000001504, with 0% liquidity. 

Banana/WBNB is trading at an astonishingly low price of $0.0000000000000004172. The circulating supply has already reached the total supply of 1.00 billion tokens. In the last 24 hours, trading volume was a mere $0.9804, reflecting the drastic loss of interest and confidence among investors in the token’s viability.

Highlighted Crypto News Today:

Binance Assists India ED in Exposing $48M Fiewin Scam