Telegram Bot Banana Gun to Refund $3 Million to 11 Hack Victims
Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...
Banana Gun, a popular Telegram-based crypto trading bot, recently suffered a significant hack, resulting in a $3 million loss for 11 users.
Despite this setback, the platform has announced that it will fully compensate all affected users from its treasury without selling any tokens.
This swift response has reassured the community, resulting in a sharp recovery in the value of the platform’s native BANANA token, which surged by 7% following the announcement.
The attack, which targeted veteran crypto traders with substantial social media presence, unfolded when users noticed manual transfers of Ethereum (ETH) from their wallets while interacting with Banana Gun’s bots.
The Ethereum Virtual Machine (EVM) and Solana versions of the bot were affected despite operating on independent codebases.
Victims reported receiving real-time notifications from the bot as the attackers drained their wallets.
In response to the breach, the Banana Gun team acted quickly, shutting down the bot to prevent further losses.
No further attacks occurred after the bot was taken offline, signaling that the immediate threat had been contained.
The team then conducted a thorough investigation in collaboration with external security experts, including the Web3 security firm Security Alliance.
The investigation revealed that the attackers had exploited a vulnerability in the Telegram message oracle, allowing them to initiate ETH transfers from users’ wallets manually.
The nature of the attack, with manual transfers instead of automated drains, suggested a highly
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