Banana Gun To Refund Users After $3M Wallet Exploit

Key points:

• Banana Gun confirmed it will refund 11 users impacted by a $3 million exploit of the Telegram bot last week.
• The team said it had identified a potential vulnerability in the Telegram message oracle Banana Gun uses, which may have led to the exploit.

Banana Gun to refund users after a $3 million wallet exploit impacted 11 traders. Refunds will be from the treasury, with no token sales for reimbursement.

Banana Gun To Refund Users Affected by $3M Wallet Exploit

Banana Gun is reimbursing 11 users who were affected by the $3 mln wallet exploit. The money is going to be taken out of the Banana Gun treasury and no tokens have been sold to cover reimbursement.

The vulnerability exploit was in the Telegram message oracle, and it had its victims in experienced traders. Since the breach took place, two-factor authentication was one of a number of security improvements to have been implemented.

Read more: Banana Gun Hack Costs Users Nearly $2M

Banana Gun Ensures Refund for $3M Exploit, Patches Vulnerability

Banana Gun Has promised full refunds coming from the project’s treasury after a $3 million exploit and affected 11 users. The team blamed the vulnerability on a bug in the front-end.

The bot service, which has since brought online additional security features including transfer delays and two-factor authentication, resumed operations without further incident.