Telegram-Based Trading Bot Banana Gun Faces User Wallet Compromise

The Banana Gun crew is presently wanting into experiences of compromised person wallets linked to its Telegram-based buying and selling bot, leading to substantial monetary losses.

The Banana Gun crew is presently wanting into experiences of compromised person wallets linked to its Telegram-based buying and selling bot, leading to substantial monetary losses.

Neighborhood member yannickcrypto.eth reported on X  that not less than 36 customers have been affected, with almost 563 ETH (roughly $1.4 million) stolen on the Ethereum mainnet.

In response to the scenario, the Banana Gun crew posted a message on their official Telegram channel, stating, “We’re investigating the problem, bot is presently offline.”

This announcement comes after a number of customers reported that their funds had been drained whereas utilizing the bot, which facilitates on-chain transactions and permits customers to snipe upcoming token launches.

Banana Gun has established itself as a major participant within the business, facilitating $6 billion in buying and selling quantity for almost 272,000 customers, in response to knowledge from Dune Analytics.

Nevertheless, this isn’t the primary incident the platform has confronted; a earlier launch of its revenue-sharing Banana token was marred by a contract bug final September.

The Telegram bot, which has change into integral to many customers’ buying and selling methods, is quickly offline because the crew conducts its investigation. The crew has not but confirmed the precise explanation for the pockets compromises or whether or not the bot itself has been hacked.

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