The eagerly-awaited launch of the Telegram bot Banana Gun’s native token BANANA couldn’t have gone any worse, with the value of the newly launched BANANA falling from a peak of $8.70 to $0.02 in lower than 3 hours after it launched.
Some crypto customers had been fast to cry foul, accusing it of a “rug pull.” Nonetheless, the official X account for Banana Gun as a substitute blamed a bug within the token’s contract that the crew was unable to hotfix, noting that the bug managed to get by means of “regardless of two audits.”
Announcement
We’ve a bug in our contract we can not hotfix.Regardless of two audits there’s a bug within the contract with our taxes, which permits individuals to promote their luggage whereas having tax tokens remaining of their pockets.
1. First step is to promote the treasury pockets to empty the LP…
— Banana Gun (@BananaGunBot) September 11, 2023
However the Banana Gun crew and its so-called auditors are seemingly going to be purple with embarrassment, after a pseudonymous coder MisterChoc claimed to make use of OpenAI’s chatbot ChatGPT to identify the flaw inside seconds.
Banana claimed that they had 2 audits. So I requested for a 3rd one to my favourite auditor: ChatGPT
And it discovered the bug https://t.co/cA9ju08dHB pic.twitter.com/F1GCtmEiSs
— MisterCh0c (@Mister_Ch0c) September 11, 2023
The Banana Gun crew outlined the “manner ahead” for customers caught up within the crossfire, stating that step one is to promote the treasury pockets to empty the liquidity pool for use for a brand new contract.
Moreover, the crew claimed that it might quickly relaunch the token with an airdrop to make sure that unfortunate BANANA traders might be made complete whereas having the brand new contract audited.
Associated: Telegram trading bots are hot, but don’t trust them for custody — Security firms
On this case, ChatGPT has been praised for its capacity to rapidly spot the flaw; nevertheless, consultants have continued to warn towards utilizing AI to put in writing and audit code.
Chatting with Cointelegraph on Sept. 5, CertiK Chief Safety Officer Kang Li stated that ChatGPT and different AI-powered assistants may create more bugs than they identify, which might be catastrophic for newbie coders seeking to construct their very own initiatives.
Banana Gun is without doubt one of the latest and extra dominant entrants to the Telegram bot buying and selling scene, pioneered by the outsized success of Unibot. Since Unibot, Telegram bot-enabled buying and selling has witnessed a major uptick in reputation amongst degen merchants seeking to rapidly snipe new tokens and hunt airdrops extra effectively.
In accordance with knowledge from Dune Analytics, DEX buying and selling bots notched a file day by day buying and selling quantity of $16.7 million on Aug. 29.
Huge Questions: What’s with all the crypto deaths?
