A notable developer within the Dogecoin community, Mishaboar, has raised concerns over a Telegram bot named BonkBot. This bot, intended for cryptocurrency trading on the Solana blockchain, has an exploit, as reported. As posted on social media, Mishaboar’s caution centers around the potential dangers of employing bots to trade meme coins such as BONK. The developer’s alert is aimed at the vulnerabilities of custodian hot wallets used by these bots.
Mishaboar recommends the users remove their funds from these Telegram bots until the problem is fixed. Bringing up the threats, he mentions the vulnerability of the platforms to being hacked. These dangers occur in the form of data losses, security breaches, and malicious actions. The warning of the developer becomes more powerful under the impact of very high trading volumes by bots that often go up to $700 million in one single day.
Response from the BonkBot Team
The BonkBot team has responded to the concerns that are being spread. The
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