**Banana Gun Trading Bot on Telegram Hacked, Millions Stolen**

The cryptocurrency community is reeling from a recent hack targeting the Banana Gun trading bot on Telegram. Users of this bot, which facilitates trading on popular blockchains like Ethereum, have reported losses amounting to over $1.9 million. The hack affected fewer than 50 Telegram accounts, draining approximately 563 ETH, valued at over $1.4 million.

The attack primarily targeted user wallets, leading to significant financial damage despite the relatively small number of victims. Reports suggest that the bot itself may not have been directly compromised, but specific wallets were targeted. This incident has severely impacted user confidence in the Banana Gun platform.

In response, the Banana Gun development team swiftly took the bot offline to investigate and secure the platform. They advised users to halt transactions and secure their wallets while the investigation is ongoing. The team communicated through their official Telegram channel, assuring users of their commitment to resolving the issue and enhancing security measures.

This hack is part of a broader trend of increasing cyberattacks in the crypto space, highlighting the urgent need for robust security protocols. As the use of automated trading bots like Banana Gun grows, ensuring the safety of user assets becomes increasingly critical.