Summary
Banana Gun is a Telegram-based crypto trading bot launched in 2023 that allows users to snipe token launches on EVM chains and Solana. The project has experienced two major security incidents: a smart contract bug at token launch in September 2023 that caused the BANANA token to crash 99.7%, and a $3 million exploit in September 2024 in which attackers leveraged a Telegram message oracle vulnerability to drain 11 users. Separate, unresolved allegations from on-chain researchers claim the team arranged an exclusive order flow deal with block builder Titan that funneled millions of dollars in user bribe payments away from Ethereum validators.
Connected Entities
1 entitiesTimeline(8 events)
2023-05-01
Banana Gun bot launches on Telegram, targeting Ethereum token sniping. Team begins encouraging high priority bribe payments to gain transaction ordering advantage.
2023-08-01
Alleged frontrunning incident during $PENGY token launch. On-chain researchers later allege that wallets connected to the Banana Gun development team sniped ahead of a user who paid $4,000 less in bribes, profiting over $100,000.
2023-09-11
BANANA token launches on Ethereum. Price peaks at approximately $8.70 before crashing 99.7% to $0.02 within three hours due to a smart contract tax routing bug.
2023-09-12
Banana Gun team dumps approximately 950 ETH from treasury wallet to drain the liquidity pool, citing the contract bug. Community alleges potential rug pull; team maintains this was remediation. ChatGPT identifies the bug in seconds after two professional audits missed it.
2023-09-01
Banana Gun relaunches BANANA token on Uniswap v2 at $6.20 open with $2.1 million in locked liquidity. Airdrop and ETH compensation plan distributed: 740 ETH refunded to 591 wallets in the first phase.
2023-10-01
Banana Gun allegedly concludes exclusive order flow arrangement with Titan Builder. Researchers later allege this arrangement enabled Titan to grow from under 1% to over 40% of Ethereum block production, while diverting millions in user bribe payments.
2024-09-19
Banana Gun Telegram oracle exploit. Attacker exploits a vulnerability in the bot's Telegram message oracle, manually draining ETH from 11 experienced traders' wallets. Estimated loss: $3 million. Both EVM and Solana bots taken offline.
2024-09-25
Banana Gun confirms full $3 million reimbursement to all 11 exploit victims from the project treasury. No BANANA tokens sold to fund repayments. Security Alliance engaged for third-party audit. 2FA and two-hour transfer delays implemented.
Decision Log
- hash: 2NEMTreSPFadegCmkmmDhk4rA141gCLQMVzhytpQL1Tu
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:29 AM
last updated: 5/28/2026, 3:28:38 AM
avoid.net — verified advice for a post-truth world