$bonk is in danger !? 😲
A notable developer within the Dogecoin community, Mishaboar, has raised concerns over a Telegram bot named BonkBot. This bot, intended for cryptocurrency trading on the Solana blockchain, has an exploit, as reported. As posted on social media, Mishaboar’s caution centers around the potential dangers of employing bots to trade meme coins such as BONK. The developer’s alert is aimed at the vulnerabilities of custodian hot wallets used by these bots.
Mishaboar recommends the users remove their funds from these Telegram bots until the problem is fixed. Bringing up the threats, he mentions the vulnerability of the platforms to being hacked. These dangers occur in the form of data losses, security breaches, and malicious actions. The warning of the developer becomes more powerful under the impact of very high trading volumes by bots that often go up to $700 million in one single day.
Response from the BonkBot Team
The BonkBot team has responded to the concerns that are being spread. They make it clear that the mentioned exploits do not come from BonkBot itself. However, they propose that the vulnerabilities are elsewhere within the ecosystem. They argue that the users who have lost funds had earlier exported their private keys.
BonkBot team guarantees that the funds of users who have not exported their private keys are safe. This clarification is meant to remove the bot’s users’ fears. It highlights the significance of safe procedures in the handling of cryptocurrency funds. The team’s response tries to uphold the users’ confidence in the safety and dependability of their services in the face of increasing fear.
