• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Banana Gun confirms no vulnerabilities in bot after transfer incident

user avatar

by Giorgi Kostiuk

2 years ago


  1. Incident Investigation and Action
  2. Analysis of Vulnerability Causes
  3. Impact on Users and Tokens

  4. Banana Gun team assured no vulnerabilities in their bot's backend after investigating the transfer incident from individual wallets.

    Incident Investigation and Action

    After the initial incident, the Banana Gun team immediately switched off the bot and began checking their backend. The investigation confirmed the backend was not compromised, affecting only a small number of users.

    "We have confirmed that our backend is not compromised. Both the router and database have been thoroughly inspected, and only a very small number of users (fewer than 10) were affected. Additionally, the transfers appear to have been executed manually," announced the team on X.

    Analysis of Vulnerability Causes

    The Banana Gun bot will remain offline until the exact reason for the exploits is found. As the bot is used through Telegram, some suspect the vulnerability links to the chat app. Telegram is known for distributing malicious channels and fake token deals. Using the bot still requires user action after activation on Telegram.

    The exploit happened just as Banana Gun opened registration for a web-based version and put out a teaser for an Appstore launch.

    Impact on Users and Tokens

    Immediately following the news, the BANANA token dropped from $43 to $40.34. The token may remain under pressure while the bot is offline.

    An estimated 536 ETH and SOL were taken from Banana Gun deposits, totaling around $2M. User yannickcrypto.eth found 36 compromised accounts, losing 536 ETH, with SOL also drained from bot accounts.

    After the exploit, other social traps claiming to have tools for coin recovery emerged. Connecting wallets to those services may extend the damage.

    The Banana Gun team continues its investigation and advises all users to stop trading and transfer assets to new wallets. The bot will remain offline until the exact cause of the vulnerability is determined.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Kraken Launches CFTC-Regulated Perpetual Futures for US Traders

chest

Kraken has launched CFTC-regulated perpetual futures for eligible US traders, providing access to a previously unavailable product in the US market.

user avatarKenji Takahashi

Elliptic Report Uncovers Bitcoin ATM Scam Tactics

chest

Elliptic has published a report detailing how Bitcoin ATM scams work, focusing on the tactics used by fraudsters to exploit victims, especially the elderly.

user avatarMaria Fernandez

Challenges in Enforcing Crypto Regulations Highlighted by FATF

chest

FATF highlights challenges in enforcing crypto regulations, especially in DeFi and stablecoins.

user avatarRajesh Kumar

FATF Reports Increased Legislative Adoption of Crypto Regulations

chest

The Financial Action Task Force (FATF) reports that 83 jurisdictions have enacted legislation for the Travel Rule, but enforcement remains a significant issue.

user avatarGustavo Mendoza

SEC Commissioner Hester Peirce Issues Important Statement on Crypto Vaults

chest

SEC Commissioner Hester Peirce has issued a statement on crypto vaults and lending strategies, highlighting that onchain activities are still subject to federal securities laws.

user avatarMiguel Rodriguez

Poolin's Financial Troubles and Auction Plans

chest

Poolin Technology Pte Ltd faced financial troubles starting September 2022, freezing withdrawals for users and issuing IOU tokens instead of repaying customers, affecting about 11,700 wallet holders owed $163.7 million, with recovery dependent on an upcoming asset auction.

user avatarLuis Flores

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.