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$3.1 Million Disappears: The Surprise GANA Payment Heist That Shocked Everyone

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GANA Payment, a project on BNB Smart Chain, has unfortunately lost over $3.1 million due to a recent attack where an intruder took control of critical contract rights, according to reports.

The rogue actor funneled much of the stolen assets through Tornado Cash on both BSC and Ethereum, leaving about $1 million still unspent in Ethereum addresses.

How The Attack Unfolded

Blockchain researcher ZachXBT shared that the culprit gathered the pilfered assets at address 0x2e8***5c38 before transferring 1,140 BNB — around $1.04 million — to Tornado Cash on the BSC network.

Next, the thief transferred funds to Ethereum, where they converted 346.8 ETH, valued at around $1.05 million, through the same mixer.

Currently, around 346 ETH, valued at nearly $1.05 million, remains untouched at address 0x7a503***b3cca. As per reports from security firm HashDit, the breach happened when ownership of a GANA contract was altered without authorization, granting the attacker admin-level control over the staking process.

HashDit’s investigation revealed that the attacker had the ability to call unstake routines and force the system to release more GANA tokens than it should have allotted.

These extra tokens were swiftly sold off for more liquid assets and then funneled into privacy tools. This pattern is all too familiar: manipulate permissions, mint or withdraw tokens, convert into stable or liquid crypto, and then launder.

Total crypto market cap currently at $3.08 trillion. Chart: TradingView

Who Spotted It And What Happened Next

ZachXBT was the one who raised the alarm about the suspicious activities on his Telegram channel. HashDit then investigated the contract and determined that the altered ownership was the root cause of the issue.

In response, GANA’s team issued an urgent notice acknowledging unauthorized behavior on their interaction contract and reported that they had engaged a third-party security firm for the investigation.

The team plans to trace user addresses and permissions as part of a rebuild and will keep the community updated on recovery steps via official channels.

Featured image from Pexels, chart from TradingView

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