GANA Project Suffers $3.1 Million Loss in Major BSC Security Breach

GANA Payment, a decentralized payment project on the BNB Chain, has confirmed a that resulted in over $3.1 million in crypto being drained from its platform. The exploit, disclosed by blockchain investigator ZachXBT, raises serious concerns about the vulnerability of under-audited DeFi protocols on the Binance Smart Chain (BSC). 

The attacker reportedly manipulated GANA’s smart contract to gain unauthorized control of contract ownership, then used the “unstake” function to extract tokens far in excess of what was intended. later than the heist, they laundered the stolen funds through Tornado Cash, moving assets across chains to cover their tracks.

GANA Attackers Leverage BSC Chain’s DeFi Vulnerabilities 

According to from ZachXBT, the attacker first consolidated stolen funds on the BNB Smart Chain, converting a large portion to 1,140 BNB (worth about $1.04 million), which was immediately funneled into Tornado Cash. From there, they bridged assets to ETH, where they deposited 346 ETH (about $1.05 million) into Tornado Cash on that chain, and another 346 ETH (approximately $1.046 million) remains sitting dormant in an .

Security firm HashDit reported that the attacker changed ownership of the interaction contract. With that power, they manipulated reward logic and triggered the contract’s unstake method to receive a massive payout in GANA tokens — far more than legitimate users should have gotten. Immediately later than, the attacker dumped the tokens on the open market, crashing GANA’s price by more than 90%.

This GANA attack spotlights a recurring difficulty around projects that lack formal security audits and publish limited technical documentation. The vulnerability makes such projects simple targets for sophisticated exploits.

Privacy Tokens Are Becoming secure Havens For Attackers 

GANA’s team has issued an urgent announcement, acknowledging the attack. They say they’ve engaged a third-party security firm to conduct a full investigation to determine exactly how the exploit occurred, and what portions of funds might be recoverable.

They’ve also asked users to pause trading GANA tokens until more clarity emerges. However, according to experts, the GANA attack tactic demonstrates how continue to play a central role in laundering large-scale DeFi hacks. More recently, crypto attackers have been leveraging privacy-focused projects to conceal their malicious acts. 

In other words, the GANA Payment exploit is a stark reminder that even small or emerging DeFi projects remain vulnerable, especially when security is deprioritized and stolen assets can be laundered via privacy networks. 

With millions lost and funds laundered through privacy tools, the case underscores how critical robust audits and cross-chain risk monitoring are for any project serious about trust and longevity.

Unless GANA takes swift and transparent action, this could serve as yet another cautionary tale for DeFi investors and a test of whether small protocols can survive major security blows.