• 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

Bitcoin Faces Uncertainty in November Amid Market Fluctuations

chest

Analysts question Bitcoin's historical performance in November as the cryptocurrency experiences significant drops amid market fluctuations.

user avatarAyman Ben Youssef

RentStac Implements Security and Transparency Measures for Investor Protection

chest

RentStac implements security measures to protect user assets and enhance transparency through external audits, multisig wallets, and independent oracles.

user avatarTando Nkube

Long-Term Growth Scenarios for RentStac's RNS Token Under Discussion

chest

Analysts are exploring long-term growth scenarios for RentStac's RNS token in the expanding RWA market.

user avatarJesper Sørensen

Understanding RentStac's Tokenization Model and Its Benefits

chest

RentStac tokenizes real estate yield through a dual-layer structure linked to property performance.

user avatarSatoshi Nakamura

Growing Interest in RentStac's Presale as Analysts Monitor RWA Potential

chest

The presale of RentStac is gaining momentum as analysts monitor its potential in the RWA sector.

user avatarLucas Weissmann

BullZilla's HODL Furnace Offers 70% APY for Stakers

chest

BullZilla's HODL Furnace offers a 70% APY for stakers, encouraging long-term holding and reducing short-term selling pressure.

user avatarKofi Adjeman

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.