Telegram Vulnerability Causes $3M Loss for Banana Gun Users

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  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.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Visa, BILL, and Billtrust Pilot AI Agents for Invoice Payments

Visa, BILL, and Billtrust have launched a pilot program to use AI agents for automating approved invoice payments through supplier portals.

user avatarZainab Kamara

Visa Introduces Stablecoin-Enabled Prefunding with Inyo Global

Visa has launched its stablecoin-enabled Visa Direct prefunding service in collaboration with Inyo Global, enhancing international money transfer efficiency.

user avatarSon Min-ho

Ripple Prime Introduces Perpetual Swaps for Institutional Clients

Ripple Prime introduces perpetual swaps for institutional clients, allowing them to trade derivatives referencing over 100 traditional markets.

user avatarAyman Ben Youssef

Ripple Highlights Key Trends in Institutional Custody from BCG Report

Ripple discusses key trends in institutional custody for digital assets based on a BCG report, highlighting the importance of governance, interoperability, and security.

user avatarTando Nkube

Solana Enhances Developer Experience with Web3js v31 Release

Solana announces the release of Web3js v31 on October 16, enhancing interoperability with development tools for easier application building.

user avatarKofi Adjeman

Study Proposes Optimizing Validator Leader Schedules for Solana

A study suggests optimizing validator leader schedules for quicker handovers while highlighting potential security tradeoffs.

user avatarNguyen Van Long

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.