Key points:
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 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.
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