Recently, the Telegram-based trading bot Banana Gun experienced a security breach that resulted in the theft of user funds.
Approximately 563 ETH were involved in the incident, though only a small fraction of users—fewer than 10—were affected.
The Banana Gun team promptly took the bot offline and is actively investigating the situation, aiming to prevent further losses and restore confidence among its user base, which had grown to nearly 272,000 users.
The Telegram trading robot Banana Gun recently suffered a user wallet theft incident, and some user funds were transferred, involving about 563 ETH. The Banana Gun team said that the Telegram robot has been offline and is investigating the issue. It had nearly 272,000 users.…
— Wu Blockchain (@WuBlockchain) September 19, 2024
According to the team, a thorough inspection of both the router and the database confirmed that the platform’s back-end systems remain secure, and there are no signs of a deeper compromise. Interestingly, the transfers were found to be manually executed, raising further questions about the attack’s nature.
Banana Gun’s Native Token Takes The Impact
In the aftermath, Banana Gun’s native token saw a brief dip in its value, but the development team was quick to act. Operations for the bot were paused immediately, and efforts to recover stolen assets are now underway. The team has reassured users that they are committed to not only securing the platform but also identifying and addressing the root cause of the breach.
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
While the investigation continues, the developers are working towards relaunching the service and ensuring the safety of user funds going forward. Their prompt and transparent response has helped ease some concerns, though the incident underscores the ongoing risks that crypto trading platforms face.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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