Banana Gun has announced that its backend systems were not compromised following an attack that drained several user wallets. After conducting an internal investigation, the team assured users that they found no vulnerability in their system.
The issue, however, may lie in the bot’s front end or with users’ wallets. The team confirmed that only a small number of users, less than 10, were affected by the exploit, and the transfers were made manually. “We have confirmed that our backend is secure. Both the router and the database have been inspected thoroughly,” the team stated on X.
UPDATE ON BOT SITUATIONToday, some users of Banana Gun experienced unauthorized transfers from their wallets. Promptly after the first incident, we immediately switched off the bot and began diligently checking our back-end. We have confirmed that our back-end is not…
— Banana Gun (@BananaGunBot) September 19, 2024
Wallets drained amid investigation
Banana Gun’s bot has been frozen as the team investigates the issue further. The bot, used primarily through Telegram, remains offline until the root cause of the exploit is identified. Some speculate that the vulnerability could be linked to Telegram, a platform notorious for spreading malicious channels and fake token deals.
Banana Gun’s recent push to register users for its web-based version and a planned App Store launch coincided with the exploit. Following the announcement, the price of the BANANA token dropped from $43 to $40.34, reflecting market concerns while the bot remains offline.
ETH and SOL drained from affected wallets
The exploit, which involved draining ETH and SOL from users’ wallets, has led to around $2 million in losses. A total of 536 ETH and additional Solana-based assets were stolen. According to data shared by a user, 36 compromised wallets were identified, resulting in the loss of these funds. Two primary addresses were identified, one retaining 26 ETH while the other receiving 62 ETH from other affected accounts.
Users Advised to Secure Their Funds
Banana Gun users have been urged to stop trading and transfer their assets to new wallets. The bot requires liquidity to make orders, and wallets linked to it may be at higher risk than traditional wallets. While the exploit targeted a small number of wallets, concerns remain due to the bot’s large user base, which includes over 5,000 daily active users.
The Banana Gun bot, known for its heavy DEX traffic and significant volume, has handled $6.7 billion in transactions. This makes the platform a key player in the meme token and decentralized exchange (DEX) trading space. As the investigation continues, users are encouraged to remain vigilant and take necessary precautions to protect their assets.
The post Banana Gun Reports No Backend Vulnerability After Wallet Exploits first appeared on Coinfea.
