The eagerly-awaited launch of the Telegram bot Banana Gun\u2019s native token BANANA couldn\u2019t have gone any worse, with the price of the newly launched BANANA falling from a peak of $8.70 to $0.02 in less than 3 hours after it launched.\u00a0<\/p>\n Some crypto users were quick to cry foul, accusing it of a \u201crug pull.\u201d However, the official X account for Banana Gun instead blamed a bug in the token\u2019s contract that the team was unable to hotfix, noting that the bug managed to get through \u201cdespite two audits.\u201d <\/p>\n Announcement Despite two audits there is a bug in the contract with our taxes, which allows people to sell their bags while having tax tokens remaining in their wallet.<\/p>\n 1. First step is to sell the treasury wallet to drain the LP\u2026<\/p>\n \u2014 Banana Gun (@BananaGunBot) September 11, 2023<\/a><\/p><\/blockquote>\n But the Banana Gun team and its so-called auditors are likely going to be red with embarrassment, after a pseudonymous coder MisterChoc claimed to use OpenAI\u2019s chatbot ChatGPT to spot the flaw within seconds. <\/p>\n Banana claimed they had 2 audits. So I asked for a third one to my favorite auditor: ChatGPT<\/p>\n And it found the bug https:\/\/t.co\/cA9ju08dHB<\/a> pic.twitter.com\/F1GCtmEiSs<\/a><\/p>\n \u2014 MisterCh0c (@Mister_Ch0c) September 11, 2023<\/a><\/p><\/blockquote>\n The Banana Gun team outlined<\/a> the \u201cway forward\u201d for users caught up in the crossfire, stating that the first step is to sell the treasury wallet to drain the liquidity pool to be used for a new contract. <\/p>\n Additionally, the team claimed that it would soon relaunch the token with an airdrop to ensure that unlucky BANANA investors could be made whole while having the new contract audited.\u00a0<\/p>\n Related: <\/em><\/strong>Telegram trading bots are hot, but don\u2019t trust them for custody \u2014 Security firms<\/em><\/strong><\/a><\/p>\n In this case, ChatGPT has been praised for its ability to quickly spot the flaw; however, experts have continued to warn against using AI to write and audit code. <\/p>\n Speaking to Cointelegraph on Sept. 5, CertiK Chief Security Officer Kang Li said that ChatGPT and other AI-powered assistants may create more bugs than they identify<\/a>, which could be catastrophic for amateur coders looking to build their own projects.<\/p>\n Banana Gun is one of the newest and more dominant entrants to the Telegram bot trading scene, pioneered by the outsized success of Unibot. Since Unibot, Telegram bot-enabled trading has witnessed a significant uptick in popularity among degen traders looking to quickly snipe new tokens and hunt airdrops more efficiently. <\/p>\n According to data from Dune Analytics, DEX trading bots notched a record daily trading volume of $16.7 million on Aug. 29.<\/p>\n\n
We have a bug in our contract we cannot hotfix. <\/p>\n\n
![](\"https:\/\/s3.cointelegraph.com\/uploads\/2023-09\/0fa4b928-e778-43d6-8985-47dcdfce69d4.png\")