Thu, September 19, 2024 at 14:20

• 

  Joy

  • Hey Annie!

  • Did you hear about the Banana Gun Hack?

  • It's causing quite a stir in the crypto community!😱

  • 
• Annie

  • Oh no, what happened?😨

  
• 

  Joy

  • So, Banana Gun is a Telegram-based trading bot, and it got hacked recently.

  • The attackers managed to steal around $1.4 million, which is about 563 ETH!💸

• Annie

  • That's a huge amount!

  • How many people were affected?

  
• ADward

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• 

  Joy

  • Surprisingly, fewer than 50 Telegram user accounts were directly impacted.

  • The hackers withdrew funds from 36 distinct wallets linked to the bot's operations.

• Annie

  • Wow, that's still a lot of wallets.

  • 

  • What did the Banana Gun team do about it?

  
• 

  Joy

  • They acted quickly and shut down the bot immediately to investigate the breach.

  • They announced through their Telegram account that they're looking into the issue.

• Annie

  • Good to hear they're on it.

  • But how are the users reacting?

  
• 

  Joy

  • The community is pretty shaken.

  • 

  • Some users are frustrated with the lack of communication from the team.

  • 

  • They want more updates, especially on platforms like Twitter.

• Annie

  • I can understand their frustration.

  • Are there any safety measures being advised?

  
• 

  Joy

  • Yes, the Banana Gun team has urged users to secure their assets and avoid making transactions through the bot for now.

  • They're also calling for enhanced security protocols to prevent future hacks.

• Annie

  • That's a good move.

  • Do we know how the hack happened?

  
• 

  Joy

  • There's some speculation.

  • A community member named yannickcrypto.eth suggested that the bot itself might not have been directly hacked.

  • The low number of victims could mean the hack was targeted at specific accounts.

• Annie

  • Interesting.

  • Has Banana Gun faced issues like this before?

  
• 

  Joy

  • Yeah, actually.

  • Last September, they had problems with the launch of their Banana token due to a contract bug.

  • It really affected user confidence back then.

• Annie

  • Seems like they've had a rough time.

  • Are crypto hacks becoming more common?

  
• 

  Joy

  • Definitely.

  • The crypto community has seen numerous hacks recently.

  • Hackers are using various methods to exploit users.

  • Just recently, some X accounts like Yahoo News UK and Lenovo India were hacked to promote a meme coin called HACKED.

• Annie

  • That's concerning.

  • Any other recent incidents?

  
• 

  Joy

  • Yes, another decentralized protocol, Ethena Labs, had to halt their website yesterday because hackers compromised their domain.

  • It's really a tough time for the crypto world.

• Annie

  • Wow, that's a lot to take in.

  • So, do you think this Banana Gun hack is a bad sign for the market?

  
• 

  Joy

  • Yeah, it's definitely a negative development.

  • It shakes user confidence and highlights the need for better security measures.

  • Investors might be more cautious, which could impact the market negatively.😔

  • To sum up, this article is considered a 😱Bearish for investors!!