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Banana Gun Trading Bot Hacked on Telegram, Resulting in Loss of 563 ETH

Sep 20, 2024
  1. Hack Incident
  2. Investigation
  3. Community Reaction

The hack of the Banana Gun trading bot on Telegram resulted in the loss of nearly $1.4 million, or 563 ETH from user wallets. This incident sent shockwaves through the crypto community.

Hack Incident

A security compromise occurred at the Banana Gun trading bot on Telegram. Hackers managed to take nearly $1.4 million, equivalent to 563 ETH, from 36 separate wallets associated with the bot.

Investigation

Immediately after detecting the hack, the bot was disabled, and the development team began an exhaustive investigation. The team's swift action was aimed at determining the scope of the breach and preventing any further unauthorized access.

Community Reaction

The hacked accounts belonged to users of the trading bot who automated transactions and profited from the launch of new tokens. The team struggled to communicate with some users, which caused frustration. After the attack, the Banana Gun team warned users in their Telegram channel, advising them not to use the bot for transactions and to secure their assets. Various community members voiced their concerns and advocated for stricter security measures to prevent future attacks.

The Banana Gun trading bot hack on Telegram highlighted the importance of security in the crypto space. Communities are calling for enhanced security measures to prevent future incidents.

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