GANA Payment, a BNB protocol, suffered a $3.1 million cyberattack.
Date: 2025-11-21 Author: Henry Casey Categories: BUSINESS
GANA Payment suffered over $3.1 million in losses, according to renowned on-chain analyst ZachXBT. The hackers collected the stolen funds in a wallet on the Binance ecosystem and exchanged some of the tokens for BNB. They then transferred 1,140 BNB (approximately $1.04 million) through the Tornado Cash mixer to conceal their transactions. The remaining funds were converted into 346.8 ETH (approximately $1.05 million) and deposited on an Ethereum address.
GANA Payment representatives confirmed the hack and announced they had launched an investigation with the support of a third-party blockchain security firm. "We are launching a comprehensive project recovery plan, which includes a full review of all user addresses and associated permissions. A detailed recovery schedule will be published shortly," the company noted.
GANA Payment is a small payment project using the BEP-20 GANA token, operating primarily through decentralized exchanges and on-chain liquidity pools. The project's technical documentation is limited, making it difficult to analyze the protocol's internal processes.
Following the hack, the GANA token's value fell by more than 90%, currently trading at around $0.20 with a market cap of $2.5 million.
The GANA Payment incident is part of a growing wave of attacks on projects in the BNB Chain ecosystem. Since the beginning of November, cybercriminals have stolen $129 million in 20 days, compared to only $16.6 million in the previous month.
It's worth noting that on November 3, the DeFi protocol Balancer also fell victim to hackers, losing over $128 million. The growing number of attacks on BNB Chain is causing serious concern in the crypto community and highlights the need for stronger security measures for projects on this platform.
Experts recommend that users monitor developer updates and exercise caution when working with lesser-known tokens and protocols to minimize the risk of loss.
