$1.9 Million Stolen from Telegram Trading Bot Banana Gun Users
Users of the Telegram-based trading bot Banana Gun have fallen victim to a significant security breach, resulting in the theft of nearly $1.9 million in cryptocurrency. The bot, which facilitates trading across popular blockchains like Ethereum, Solana, and Base, has been targeted by at least 11 attackers.
According to Hakan Unal, senior lead at Cyvers’ Security Operation Center, the breach appears to affect a small subset of users rather than indicating a widespread vulnerability in the trading bot itself. Unal noted that out of more than 10,000 users, fewer than 40 were impacted, suggesting that the hackers may have only compromised specific accounts rather than the entire platform.
This incident comes shortly after the resurgence of the infamous Angel Drainer toolkit, which has recently reemerged with enhanced capabilities and has already been linked to multiple malicious applications.
While the exact nature of the Banana Gun attack remains unclear, there is speculation about a potential connection to the Angel Drainer toolkit.
Potential Threats to Bitcoin ETFs
In related security concerns, experts warn that North Korean hacking groups, including the notorious Lazarus Group, may start targeting major financial targets such as Bitcoin exchange-traded funds (ETFs) in the U.S. According to Michael Pearl, vice president of GTM strategy at Cyvers, recent FBI warnings indicate that hackers are likely planning to infiltrate and exploit vulnerabilities in these ETFs, which store substantial amounts of Bitcoin.
As security threats continue to evolve, both individual traders and institutional investors must remain vigilant to protect their digital assets.
