On September 19, 2024, Banana Gun's Telegram message oracle validation failure allowed attackers to forge transfer authorizations and drain $3M from 11 users' wallets. All users were reimbursed from the treasury.

Banana Gun stated on X platform that some users experienced unauthorized wallet transfers. The issue may have stemmed from a front-end vulnerability. Prioritizing security, the team kept the bot offline during the investigation of the root cause. On September 25, Banana Gun announced on X platform that a total of 11 users were affected, with losses amounting to $3 million. All affected users will be fully compensated from the Banana Gun treasury, without selling any tokens for reimbursement. Following a thorough investigation by the Banana Gun development team and external experts, it was discovered that a potential vulnerability in the Telegram message oracle used by Banana Gun might have led to the attack.