Banana Gun’s BANANA Token Plummets Amid Software Bug Controversy: A Deep Dive

Banana Gun’s native token, BANANA faced a crypto catastrophe due to a software bug in their contract system, causing a nosedive of over 99% in its value. The bug gave the firm undue leverage, remaining unnoticed despite two audits. After receiving backlash, Banana Gun proposed reimbursement courses for the victims, including a relaunch and an airdrop of funds, adding a promise of a successful audit prior to the relaunch.

Banana Gun’s BANANA Token Plunge: A Case for Re-evaluating Crypto Auditing Practices

“The newly launched Banana Gun’s token, BANANA, fell by over 99% within three hours due to a bug in the token’s contract. Despite identifying the flaw, the incident raised concerns about the reliability of AI-powered systems for auditing and writing code, prompting a reevaluation of conventional auditing processes. Meanwhile, the rise of bot-enabled trading systems highlights an undercurrent of risk despite their convenience.”

Security Chaos in Crypto: Unpacking the $41M Stake Heist and Crypto’s Million Dollar Losses

The article discusses the aftermath of a $41M cryptocurrency heist, with the responsible anonymous hackers gradually transferring stolen funds to different digital wallets. Through multiple related incidents, the piece raises alarms about substantial security concerns within the crypto industry and highlights the potential of AI in identifying threats.

Easing Crypto Entry: The Struggle for Streamlined Onboarding While Retaining Security in Blockchain Applications

Sui Network has integrated Google, Facebook, and Twitch logins into its DApps (decentralized applications), aiming to streamline the onboarding process on Web3 and eliminate the need for managing an external crypto wallet. The new zkLogin (Zero Knowledge login) feature ensures user privacy and security, essential characteristics in Blockchain applications.