According to the sources, the hackers were able to gain access to several user wallets associated with Banana Gun; this led to the theft of 563 ETH equalling $1. 4 million. The Banana Gun team has been working to examine the breach, and the said platform has its Telegram bot is shutdown for the meantime. To date, 36 victims are known, and it is still unclear whether Banana Gun itself was hacked. Telegram’s trading bot, Banana Gun has been a major player in controlling $6 billion in trading volume from 272,999 users. This incident has been preceded by other problems such as the staking of a Banana token in September 2023 where a contract bug was the main cause.

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