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

Telegram Vulnerability Causes $3M Loss for Banana Gun Users

user avatar

by Giorgi Kostiuk

a year ago


  1. Cause of the Incident
  2. Impact on Users
  3. Developers' Response

  4. A recent attack on the Banana Gun platform resulted in a $3 million loss for 11 victims. The cause was a vulnerability in the Telegram message oracle.

    Cause of the Incident

    The attack was linked to a vulnerability in the Telegram message oracle, a feature used for bot notifications. The Banana Gun team has since patched the issue and implemented new security protocols.

    Impact on Users

    The attack primarily targeted experienced crypto traders with a strong social presence. Victims reported witnessing ETH being manually transferred from their wallets while interacting with Banana Gun’s bots, and receiving notifications confirming the transfers in real time. While both the EVM and Solana bots were compromised, the attacks ceased once the bots were disabled.

    Developers' Response

    Banana Gun's developers summarized the incident in a statement, thanking users for their continued support despite the breach. "We are humbled by the incredible bot activity on Banana Gun, even after last week's incident. Thank you for your patience and trust," they said. After extensive investigation involving both the Banana Gun team and external experts, the vulnerability was traced to the Telegram message oracle, allowing attackers to gain access and manually withdraw funds from wallets.

    After identifying the vulnerability, Banana Gun developers successfully returned $3 million to the affected users and continue to work on improving the platform's security.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Mysterious Laurore Ltd Takes $436 Million Position in BlackRock's Bitcoin ETF

chest

A little-known offshore entity, Laurore Ltd, has disclosed a significant investment in BlackRock's Bitcoin ETF, raising questions about its origins and intentions.

user avatarMaria Fernandez

Ripple's Aggressive Acquisition Strategy to Connect Finance with Crypto

chest

Ripple has spent nearly $3 billion on acquisitions since 2023 to connect traditional finance with crypto infrastructure.

user avatarGustavo Mendoza

Historical Patterns of Vitalik Buterin's ETH Sales Resurface

chest

Lookonchain highlights historical patterns of Vitalik Buterin's ETH sales, noting that past sales often led to significant price drops for Ethereum, raising concerns among traders.

user avatarRajesh Kumar

Vitalik Buterin's Recent ETH Sales Trigger Market Concerns

chest

Ethereum has seen a decline as Vitalik Buterin sold 1,869 ETH, raising concerns about further price drops.

user avatarMiguel Rodriguez

ETH Denver Highlights Quantum Computing Threats to Bitcoin

chest

At ETH Denver, engineers and security researchers discussed the potential risks that quantum computers pose to Bitcoin, focusing on signature vulnerabilities and the need for proactive security measures.

user avatarLuis Flores

SBI Holdings Introduces Innovative Onchain Bond Linked to XRP

chest

SBI Holdings has launched an onchain bond to provide investors with direct exposure to XRP within Japan's regulated market.

user avatarArif Mukhtar

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.