• 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

Filecoin FIL: A Leading DePIN Storage Solution

chest

Filecoin has emerged as a leading decentralized storage solution within the DePIN ecosystem.

user avatarJesper Sørensen

IOTA: A Leading DePIN Project for Smart Cities

chest

IOTA is emerging as a key player in the DePIN ecosystem, particularly for smart city applications.

user avatarLucas Weissmann

Bittensor TAO: A Top DePIN Project for AI Networks

chest

Bittensor TAO is a leading DePIN project focused on AI networks, enabling a decentralized machine learning network where models collaborate and earn TAO tokens.

user avatarFilippo Romano

Understanding DePIN: The Future of Decentralized Infrastructure

chest

DePIN, or Decentralized Physical Infrastructure Networks, is a groundbreaking concept in the crypto ecosystem that aims to transform how infrastructure is built and managed.

user avatarRajesh Kumar

Fartcoin: The Humorous Meme Coin on Solana

chest

Fartcoin, a humorous meme coin on the Solana blockchain, has gained traction since its launch in October 2024.

user avatarTomas Novak

Avici Introduces Named Virtual Accounts with MoonPay Integration

chest

Avici has launched named virtual accounts in the US and Europe, powered by MoonPay and Iron, allowing users to manage their funds with ease.

user avatarEmily Carter

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.