After the Banana Gun team saw the bug, it sold its treasury, sending the token to near zero price — promising a relaunch with an airdrop.
a significant issue with the fee calculation in the token's smart contract. Due to this bug, the 4% transaction fee would not be redirected to the protocol’s treasury as intended, but would instead remain in the wallet of the user initiating the transaction, bypassing both the team and the Banana token holders.
“First step is to sell the treasury wallet to drain the LP so we can reuse it for the new contract. Secondly, we will relaunch ASAP with an airdrop so everyone will be made whole,” the team said in its Telegram channel.The majority of the project’s tokens, some 6.38 million tokens representing 63.8% of the token’s supply, were allocated to the project treasury.
In an attempt to recuperate the initially invested $325,000 in WETH liquidity, the team decided to sell its treasury tokens through decentralized exchanges. This action, led to a drastic drop in the token’s value, plummeting to a mere $0.025.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Banana Gun’s failed contract passed 2 audits, but ChatGPT found the bug in secondsDespite the Banana Gun team claiming to have undergone two audits, the flaw in the contract of the eagerly-awaited BANANA token was spotted in mere seconds by ChatGPT.
Leer más »
New Mexico governor’s suspension of gun rights draws fire from police, Dems, gun-control advocatesWithin hours of New Mexico Gov. Michelle Lujan Grisham’s emergency order suspending the right to carry firearms in Albuquerque and the surrounding Bernalillo County, a federal lawsuit to block the ban was filed, state lawmakers called for her impeachment and even gun-control activists rebuked her for violating the U.S. Constitution.
Leer más »
How a company that makes gun safes angered gun ownersLiberty Safe, which calls itself “America's 1 heavy-duty home and gun safe manufacturer,” came under intense criticism from gun owners and conservative commentators this week after it acknowledged that it had voluntarily given the F.B.I. the access code to one of its safes to help in an investigation.
Leer más »
Much-hyped Seahawks admit effort an issue in troubling loss to young RamsTo a man, the Seahawks acknowledged that the rebuilding Rams played harder in a 30-13 Seattle loss at home.
Leer más »
PEPE Scam Alert: Telegram, Twitter Accounts HackedRepresentatives of Pepe (PEPE), third-largest meme coin by market capitalization, say that two popular PEPE-associated accounts are hacked
Leer más »
Chechen leader accused of burying family doctor 'alive' for poisoning himRamzan Kadyrov blamed Elkhan Suleymanov for his deteriorating health, the VChK-OGPU Telegram channel reported.
Leer más »