Banana Gun Commits to $3M Refund After Wallet Exploit Hits 11 Users

Banana Gun, a Telegram bot service, will refund 11 traders affected by a $3 million exploit. The vulnerability, found in its Telegram message oracle, has since been addressed with security upgrades, including two-factor authentication.

Banana Gun, a prominent Telegram bot service, has announced plans to refund 11 users impacted by a $3 million wallet exploit. The bot service confirmed that the refunds will come from the project’s treasury, with no token sales involved in covering the reimbursement.

The vulnerability, which occurred in Banana Gun’s Telegram message oracle, exposed a security flaw that allowed the exploit to take place. The affected users were experienced traders who unknowingly fell victim to the breach. In response, the Banana Gun team quickly identified the issue and took immediate action to prevent further damage.

The exploit was attributed to a bug in the front-end, and Banana Gun has since rolled out several security improvements to prevent future incidents. These include the implementation of two-factor authentication (2FA) and transfer delays for added protection. The bot service resumed operations shortly after the exploit, ensuring that no further incidents occurred.

In a statement, the Banana Gun team emphasized its commitment to maintaining user trust and security. “We deeply regret the inconvenience caused by this exploit and are taking all necessary measures to ensure that our users’ assets remain safe. The funds for reimbursement will come directly from the Banana Gun treasury, with no token sales required,” the team said.

The swift response and security updates reflect Banana Gun’s dedication to protecting its users and safeguarding its platform against potential vulnerabilities. The refund process is expected to begin immediately, with all affected users receiving their funds in full.

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