• 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 Above $70,000 Amid Geopolitical Tensions

chest

Bitcoin's price crossed back above $70,000 as traders reacted to signals of a potential winding down of the US military campaign against Iran.

user avatarKaterina Papadopoulou

XRP Ledger's Role in the Future of Tokenization

chest

The XRP Ledger, capable of tokenizing assets for over a decade, is now being recognized as a key player in the tokenization of real-world assets as institutional interest grows.

user avatarTomas Novak

Authorities Investigate Home Invasion and Crypto Theft in Versailles

chest

Authorities in Versailles are investigating a home invasion where three suspects posed as police and stole approximately 1 million in Bitcoin from a couple in their late 50s.

user avatarMaya Lundqvist

Analysts Predict Future Price Movements for Avalanche (AVAX)

chest

Analysts predict that Avalanche (AVAX) may enter a sideways trajectory in the coming months, with a potential price target of $9.55 by June 2026.

user avatarLeo van der Veen

Avalanche (AVAX) Experiences Significant Price Rally

chest

Avalanche's AVAX price has surged by 32% in the last 24 hours amid a broader crypto market rebound.

user avatarLi Weicheng

Gemini's Stock Recovers After Executive Changes and Layoffs

chest

Gemini's stock has rebounded after a significant drop following the announcement of executive departures and layoffs.

user avatarTenzin Dorje

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.