BNC (BouNCe) is an IRC proxy server.
Leon Juranic discovered that BNC fails to do proper bounds checking when checking server response.
An attacker could exploit this to cause a Denial of Service and potentially execute arbitary code with the permissions of the user running BNC.
There is no known workaround at this time.
All BNC users should upgrade to the latest version:
# emerge --sync
# emerge --ask --oneshot --verbose ">=net-irc/bnc-2.9.1"