The Banana Gun team is currently looking into reports of compromised user wallets linked to its Telegram-based trading bot, resulting in substantial financial losses.
The Banana Gun team is currently looking into reports of compromised user wallets linked to its Telegram-based trading bot, resulting in substantial financial losses.
Community member yannickcrypto.eth reported on X that at least 36 users have been affected, with nearly 563 ETH (approximately $1.4 million) stolen on the Ethereum mainnet.
In response to the situation, the Banana Gun team posted a message on their official Telegram channel, stating, “We are investigating the issue, bot is currently offline.”
This announcement comes after several users reported that their funds had been drained while using the bot, which facilitates on-chain transactions and allows users to snipe upcoming token launches.
Banana Gun has established itself as a significant player in the industry, facilitating $6 billion in trading volume for nearly 272,000 users, according to data from Dune Analytics.
However, this is not the first incident the platform has faced; a previous launch of its revenue-sharing Banana token was marred by a contract bug last September.
The Telegram bot, which has become integral to many users' trading strategies, is temporarily offline as the team conducts its investigation. The team has not yet confirmed the exact cause of the wallet compromises or whether the bot itself has been hacked.
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