Wallets connected with the Telegram bot Banana Gun have been compromised according to several community reports, with at least some users’ funds being drained.

“We are investigating the issue, bot is currently offline,” the Banana Gun team wrote in a pinned message on its official Telegram channel.

“Seems like there are already 36 victims with almost 563 ETH ($1.4 million) stolen 'so far' on mainnet,” community member yannickcrypto.eth posted on X. “I wouldn't say that Banana Gun itself got hacked, not enough victims.”

Banana Gun operates a Telegram-based trading bot that enables users to execute on-chain transactions and snipe upcoming token launches.

Start your day with the most influential events and analysis

happening across the digital asset ecosystem.

The platform is one of the industry’s leading Telegram-based trading bots, according to its Dune Analytics dashboard, having enabled $6 billion worth of trading volume from nearly 272,000 users.

It’s not the first time the project has encountered issues, with a botched launch of the revenue-sharing Banana token last September following a bug in its contract.

The Block reached out to the Banana Gun team for comment.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2024 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

#feedfeverchallenge