Banana Gun Pledges Full Refund After $3M Attack, No Token Sale for Recovery

Banana Gun, a leading crypto trading bot platform on Telegram, has announced it will fully compensate customers affected by a recent breach that led to the loss of user funds. In a statement shared on the microblogging platform X, Banana Gun confirmed that it will not be selling any tokens to facilitate the refund. Instead, the required funds will be drawn from the company’s treasury.

Banana Gun is widely recognized for its advanced features, including sniper buys for newly launched tokens, take-profit, and stop-loss capabilities. With approximately 279,000 active users and over $6.3 billion in total transaction volume, the platform has become a key player in the cryptocurrency trading bot space. Despite the breach, the $3 million loss represents a relatively small fraction of the platform’s total volume.

The breach, first reported by community members, affected only 11 users. According to Banana Gun, the attackers manually transferred funds from the wallets of these users, indicating a front-end vulnerability. The platform emphasized that its back-end systems were not compromised. As a precaution, Banana Gun suspended its Ethereum Virtual Machine (EVM) operations and its Solana bot temporarily.

Further investigation revealed that the attack targeted long-time users with considerable experience and influence within the community. After resolving the vulnerability, Banana Gun resumed its bot operations, implementing new security measures. These measures include a mandatory two-hour waiting period for all transfers, during which two-step verification is required to enhance auditing and security.