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Banana Gun Telegram Bot Users Lose Nearly $2 Million

Sep 19, 2024
  1. Timeline of the Attack
  2. Investigation and Findings
  3. Potential Consequences

Users of the Banana Gun Telegram bot have become victims of an attack, losing approximately $1.9 million. This incident, being investigated by Cyvers, has affected dozens of users.

Timeline of the Attack

The Banana Gun Telegram bot allows users to trade on popular blockchains like Ethereum, Solana, and Base. According to Cyvers, at least 11 attackers have drained around $1.9 million worth of cryptocurrency from the bot’s users. This incident has affected 36 victims, as reported by crypto sleuth Yannick Crypto.

Investigation and Findings

Cyvers shared the addresses of 11 attackers with Cointelegraph. The hackers targeted fewer than 40 users out of over 10,000, indicating a localized nature of the attack. Blockchain security expert Hakan Unal noted that this does not appear to be a smart contract vulnerability.

Per our investigation so far, it doesn't seem like a contract exploit. It might be small amounts that are being drained from their users.Hakan Unal

Potential Consequences

The Banana Gun incident occurred two months after the WazirX exchange hack, which resulted in over $230 million being stolen. Additionally, it happened almost two weeks after the return of the Angel Drainer toolkit, which has already deployed hundreds of malicious apps. It remains unclear if the Banana Gun incident is connected to Angel Drainer.

Cryptocurrency users should remain vigilant and take measures to enhance the security of their assets. The Banana Gun incident underscores the importance of continuous efforts to protect against potential attacks.

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