The eagerly-awaited launch of the telegram bot Banana Gun’s native token BANANA couldn’t have gone any worse, with the worth 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 have been fast to cry foul, accusing it of a “rug pull,” nevertheless, the official X account for Banana Gun as a substitute blamed a bug within the token’s contract that the group was unable to hotfix, noting that the bug managed to get via “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 baggage 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
Nonetheless, the Banana Gun group and its so-called auditors are seemingly going to be pink 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 group outlined the “approach 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 group claimed that it might quickly relaunch the token with an airdrop to make sure that unfortunate BANANA buyers may very well be made entire whereas having the brand new contract audited.
Associated: Telegram buying and selling bots are sizzling, however don’t belief them for custody — Safety companies
On this case, ChatGPT has been praised for its skill to rapidly spot the flaw, nevertheless, specialists have continued to warn in opposition to utilizing AI to write down and audit code.
Chatting with Cointelegraph on Sept. 5, CertiK’s chief safety officer Kang Li mentioned that ChatGPT and different AI-powered assistants might create extra bugs than it may well establish, which may very well be catastrophic for newbie coders seeking to construct their very own initiatives.
Banana Gun is among 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 big uptick in recognition amongst degen merchants seeking to rapidly snipe new tokens and hunt airdrops extra effectively.
In accordance with information 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.
Large Questions: What’s with all of the crypto deaths?
