On Wednesday, the GANA Payment project was exploited for over $3.1 million. The attacker transferred the stolen funds across both BNB Smart Chain (BSC) and Ethereum. On-chain investigator ZachXBT revealed the details of the hack.
The attacker first consolidated the stolen funds at BSC address “0x2e8…e5c38.” Here, the funds were swapped into BNB. Subsequently, 1,140 BNB, approximately $1.04 million, was deposited into Tornado Cash on BSC. This move was an attempt to break the funds’ traceability.
Following this, the remaining assets were bridged to Ethereum. The exploiter then deposited 346.8 ETH, valued at about $1.05 million, into Tornado Cash. According to ZachXBT, a further 346 ETH, worth $1.046 million, remains dormant at the Ethereum address “0x7a5…b3cca.”
GANA Payment, a small token project on BSC, operates using the BEP-20 GANA token. The project primarily relies on decentralized exchanges and on-chain liquidity pools. After the exploit, GANA’s token lost more than 90% of its value, according to data from GeckoTerminal.
The project, which has limited technical documentation, does not appear to have conducted formal audits. As a result, the vulnerability that allowed the hack remains unknown. ZachXBT’s investigation has not revealed any additional details about the breach.
The GANA Payment incident is part of a larger trend of hacks targeting smaller BSC-based projects. DefiLlama’s hacks tracker shows that over $100 million has been lost from such projects this year alone. Similar attacks have involved vulnerabilities, liquidity pool drains, and key compromises.
The exploitation of GANA Payment adds to the growing list of smaller, high-risk projects on BSC facing severe breaches.
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