The post Banana Gun (BANANA) Social Media Hack Raises Security Concerns Amid $1.4 Million ETH Theft appeared on BitcoinEthereumNews.com.

Banana Gun’s social media account was hacked on September 19 around noon, creating a wave of unexpected posts. The development has raised security concerns among users, given the theft of 563 ETH from the main network. In Telegram channel updates, Banana Gun’s team mentioned a temporary bot shutdown to investigate the hack. Discover the latest breach in the crypto sphere as Binance-backed Banana Gun falls victim to a social media hack, raising alarm over security and user funds. Security Breach Hits Banana Gun’s Social Media Accounts On September 19, the social media accounts of Banana Gun, a Binance-supported altcoin project, came under a cyber assault. The attackers took over the accounts, leading to a series of unauthorized posts that significantly alarmed the user base. This incident casts a spotlight on the ever-present risks that even prominent crypto platforms face. Impact on User Funds and Platform Security In the immediate aftermath of the hack, Banana Gun’s team communicated via their Telegram channels, assuring users that the bot was temporarily taken offline as they scrutinize the breach. Despite these efforts, the attack resulted in the theft of approximately 563 ETH, equivalent to about $1.4 million, highlighting severe security vulnerabilities. Community Reactions and Ongoing Investigations The hacking incident caused an uproar within the crypto community. Notable figures, including “yannickcrypto.eth” on platform X, revealed that so far, 36 individuals have fallen victim to this cyber-attack. While speculations about the platform itself being compromised permeate, concrete evidence needs to be gathered to substantiate these claims. Community members are actively discussing the need for tighter security measures and more robust verification processes. A Recurring Issue for Banana Gun This is not the first challenge faced by Banana Gun. The platform had previously struggled during the launch of its revenue-sharing Banana token due to a smart contract…

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Filed under: News - @ September 19, 2024 1:24 pm