Banana Gun, a Telegram bot, recently suffered a
$3M hack affecting 11 users. Despite this, it has pledged to
fully refund the victims. The hack saw
BANANA, the bot's associated cryptocurrency, surge by 7% as the company reassured users with its promise. With flaws in Telegram claimed to be at the heart of the breach, the bot was briefly taken offline for the
investigation. The hack reportedly led to the loss of more than $1.9M and 563 ETH from user wallets. This is the latest in a series of exploits targeting Telegram-based trading bots, reminding investors to exercise caution. Despite the hack, Banana Gun’s token has been performing
strongly in the cryptocurrency market, even seemingly ignoring the broader crypto sell-off. After being listed on Binance, Banana Gun saw a spike of 110%, and its token, BANANA, surged 26%. Its innovative mechanism allows for effortless multiple chain trading on the Telegram platform, making it a significant participant in the growth of telegram trading bots. The future for Banana Gun, however, is uncertain. While it has been performing impressively, the occurrence of severe setbacks, including its token plummeting over 99% due to a contract bug, means investors could be wary in the future. However, thanks to Binance's surprise listing, the altcoin has rallied, shooting up by 30%. The full refund to hack victims and a strong response to contract bugs show a dedication to transparency, giving a slight edge towards a bullish market sentiment.
Banana Gun News Analytics from Thu, 18 Sep 2014 07:00:00 GMT to Wed, 25 Sep 2024 18:33:07 GMT -
Rating 7
- Innovation 6
- Information 6
- Rumor 5
