Various users of Banana guna cryptocurrency trading bot on Telegram, had emptied cryptocurrencies from their wallets this Thursday (19). Messages were made on social media.
The team behind the project said they were aware of the issuebut denied any flaws in its application. They not only emphasize that few users have been affected, but also claim that transactions appear to have been performed manually.
The cryptocurrency Banana Gun (BANANA) he was distributed by Binance in July this yearwhich gives the project more exposure. Although the coin has dropped 11% Shortly after the news broke, it recovered its price.
Banana Gun Bot Users Report Their Cryptocurrencies Being Stolen
While other messengers choose to focus on the simple, Telegram enables the development of various applications to enrich the user experience. Launched in 2022, the Banana Gun Bot will allow investors to automate their operations and trade cryptocurrencies on Telegram itself.
However, various users took to social media on Thursday (19) to report that unauthorized transactions were coming out of their wallets.
According to reports, losses exceed R$10 million in cryptocurrencies and at least 36 users are said to have been affected by the hack. The team paused the bot’s operations shortly afterward and it will remain offline until the close of this article..
As a result, the price of the cryptocurrency associated with the project plummeted.
With a market cap of $139 million, BANANA is among the 300 largest cryptocurrencies on the market.
The Banana Bot team says the vulnerability did not originate from its systems
In an update posted at 12:27 p.m., the The Banana Gun Bot team acknowledged the attacks and said they had taken down the systems. However, she stated that she has checked her systems and that the problem is not on her side of the business.
“We have confirmed that our backend has not been compromised. Both the router and database were thoroughly inspected and only a very small number of users (less than 10) were affected.”wrote the Banana Gun team. “Moreover, the transfers appear to have been done manually.”
“This leads us to believe that the issue may stem from a front-end vulnerability.”
The statement raised even more doubts. After all, if the vulnerability is not found, it will be difficult to protect yourself from it. In the comments to the ad above, one user wonders if the vulnerability is not in Telegram itself.
Source: Live Coins
Barry Siefert is an accomplished journalist and author at The Nation View. He is known for his expertise in the field of cryptocurrency, and has written extensively on the topic. With a background in finance and economics, Barry has a deep understanding of the underlying technology and market forces that drive the crypto industry.
