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GANA Payment Protocol on BNB Chain Hacked for $3.1 Million

GANA Payment Protocol on BNB Chain Hacked for $3.1 Million

GANA Payment on BNB Chain hacked for over $3.1 million.

The payment project GANA Payment on BNB Chain has been hacked, resulting in the theft of over $3.1 million by attackers. This was reported by on-chain detective ZachXBT.

According to the researcher, the hackers consolidated the stolen funds in a wallet on the Binance-linked network, exchanging part of the assets for BNB. They then sent 1140 BNB (~$1.04 million) to the crypto mixer Tornado Cash.

The remaining coins were converted by the cybercriminals into 346.8 ETH (~$1.05 million) and left on an Ethereum address.

The GANA team acknowledged the attack, emphasizing that developers have already begun an investigation in collaboration with an external blockchain security company.

“We have initiated a comprehensive plan to restore the project’s operations. As part of these measures, a full verification of all user asset addresses and associated permissions will be conducted. A detailed schedule of work and recovery stages will be published soon,” noted the platform’s representatives.

GANA Payment is a small payment project with a BEP-20 standard token, GANA. The protocol primarily operates through decentralized exchanges and on-chain liquidity pools. Public technical documentation is limited.

Following the incident, the price of the GANA token plummeted by more than 90%. At the time of writing, the asset is trading at $0.2 with a market capitalization of $2.5 million.

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15-minute GANA/USD chart on PancakeSwap. Source: GeckoTerminal.

Since the beginning of November, the number of attacks on projects within the BNB Chain ecosystem has sharply increased. In 20 days, attackers have stolen a total of $129 million. For comparison, last month’s total was $16.6 million.

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Source: DefiLlama.

Earlier in November, the DeFi protocol Balancer was hacked, losing over $128 million in the incident.

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