• 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 Surges Toward 88,000 Amid CZ's Cryptic Message

chest

Bitcoin's price surge toward 88,000 coincided with a cryptic message from Binance founder CZ, hinting at more all-time highs.

user avatarGustavo Mendoza

Challenges Faced by DAT Firms During Market Downturns

chest

DAT firms may encounter difficulties during crypto market downturns, including pressure from falling market NAV and the need for cash reserves to stabilize operations.

user avatarRajesh Kumar

Investors Prefer DATs for Regulatory Certainty

chest

Investors are increasingly choosing DAT firms like MicroStrategy over direct cryptocurrency investments due to the regulatory protections offered by SEC-regulated securities.

user avatarMiguel Rodriguez

Understanding the Risks of Trading DASH Perpetual Futures

chest

Traders are advised to understand the unique risks associated with DASH perpetual futures before engaging in trading.

user avatarKaterina Papadopoulou

AI Chatbots Transforming Ecommerce Discovery

chest

AI chatbots like ChatGPT are changing how consumers discover products, offering personalized recommendations and simplifying searches.

user avatarLuis Flores

Amazon and Walmart Capture Majority of AI-Driven Traffic

chest

Amazon and Walmart dominate the AI-driven ecommerce referrals, capturing nearly 70% of the traffic from ChatGPT.

user avatarMaria Gutierrez

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.