On September 19, members of the crypto community reported the alleged hacking of the Banana Gun trading bot and the theft of funds. The developers of the service confirmed "unauthorized transfers" from the wallets of a limited number of users.
According to them, after the first incident, the team disabled the bot and began a thorough check of the backend.
"We have confirmed that our backend is not compromised. Both the router and the database were thoroughly checked, and only a very small number of users (less than 10) were affected," Banana Gun said.
Since the translations were done manually, this presumably indicates a vulnerability in the frontend.
"We will keep our bot offline while we investigate the root cause," the team added.
The developers did not specify the amount of damage. According
to Dune Analytics, Banana Gun is one of the industry's leading Telegram-based trading bots with a trading volume of over $6 billion from nearly 272,000 users.
Amid the first reports of the alleged hack, the BANANA token reacted with a drop of more than 10%.
At the time of writing, its price has won back a drawdown of 5.7%. According to CoinGecko, the coin is trading at $40.64.
Recall that in November, the trading volume of Banana Gun exceeded $16 million.
According to them, after the first incident, the team disabled the bot and began a thorough check of the backend.
"We have confirmed that our backend is not compromised. Both the router and the database were thoroughly checked, and only a very small number of users (less than 10) were affected," Banana Gun said.
Since the translations were done manually, this presumably indicates a vulnerability in the frontend.
"We will keep our bot offline while we investigate the root cause," the team added.
The developers did not specify the amount of damage. According
to Dune Analytics, Banana Gun is one of the industry's leading Telegram-based trading bots with a trading volume of over $6 billion from nearly 272,000 users.
Amid the first reports of the alleged hack, the BANANA token reacted with a drop of more than 10%.
At the time of writing, its price has won back a drawdown of 5.7%. According to CoinGecko, the coin is trading at $40.64.
Recall that in November, the trading volume of Banana Gun exceeded $16 million.