GANA Payment suffered a major breach on the Binance Smart Chain earlier today, with more than $3.1 million drained from the project.
The incident marks a significant setback for the platform, which only recently entered the decentralized payments market.
Attacker Routes Funds Through Mixing Services
According to on-chain analyst ZachXBT, the hacker moved fast after the theft. Initially, the attacker sent 1,140 BNB, worth about $1.04 million, into Tornado Cash on BSC.
Subsequently, the individual bridged a large portion of the stolen assets to Ethereum. Afterward, the hacker deposited 346.8 ETH, valued at $1.05 million, into Ethereum’s Tornado Cash.
However, another 346 ETH remains idle in an Ethereum wallet, waiting for further action. Taken together, this pattern suggests the attacker may still be planning additional transfers.
Breach Follows Recent Infrastructure Launch
The breach came only days after GANA Payment unveiled its decentralized payment framework.
The system aims to reduce remittance delays and lower fees for users in emerging markets. It also aims to improve access for small merchants struggling with traditional financial channels.
This infrastructure is built around a PayFi model that blends payment rails with decentralized finance features. Through this approach, the platform enables programmable transfers, verifiable transaction flows, and real-time auditing.
According to the team, the model is built to provide merchants and partners with transparent processes and instant settlement, strengthening the reliability of digital payments.
Moreover, to reinforce user trust, GANA Payment stresses a comprehensive compliance strategy. Its framework includes KYC/KYB checks, on-chain transaction audits, and regulatory cooperation.
Additionally, the project created the GANA Labs Foundation to support governance. The foundation oversees fund allocation, development grants, and community monitoring. It also publishes disclosures to maintain transparency.
Despite the recent breach, the project continues with a clear mission to expand financial access in regions where remittance fees remain high and secure transfer channels are limited.
Through transparent governance and ongoing development, the team hopes to advance a more inclusive and efficient global payment environment.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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