• 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

2 years 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

BPI Proposes New Policy for Stablecoin Supremacy in the US

chest

The Bitcoin Policy Institute (BPI) has proposed a new policy for establishing stablecoin supremacy in the US, focusing on enhancing oversight over offshore dollar markets and reducing systemic risks.

user avatarLuis Flores

Saxony May Access Additional 57,000 Bitcoin in Movie2k Case

chest

A proposed court deal in the movie2k case could allow Saxony to access an additional 57,000 Bitcoin, raising concerns about state-controlled supply in the market.

user avatarArif Mukhtar

Ripple and Kyobo Life Insurance Join Forces for Blockchain Bond Settlement

chest

Ripple has partnered with Kyobo Life Insurance to explore Korea's first tokenized government bond settlement on blockchain, aiming to modernize the market and reduce settlement times.

user avatarMaria Gutierrez

Ethereum Price Reclaims Key Cost Basis Level

chest

Ethereum's recent price surge has allowed it to reclaim a key cost basis level, according to on-chain analytics firm Glassnode.

user avatarAndrew Smith

Ethereum MACD Signals Potential Bullish Rally

chest

A crypto analyst has identified a new golden cross in Ethereum's MACD, suggesting a possible price rally.

user avatarDavid Robinson

Dogecoin's Price Analysis Suggests Potential Bull Cycle

chest

Analyst Javon Marks conducted a technical analysis of Dogecoin, suggesting it may repeat previous bull cycles with a potential price rally of over 2,600% if it breaks above the 1618 Fibonacci extension.

user avatarJacob Williams

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.