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GANA Payment exploited for over $3.1 million on BNB Smart Chain: ZachXBT

The Block
The GANA Payment project on BNB Smart Chain was exploited for over $3.1 million, with funds laundered via Tornado Cash.

Summary

The GANA Payment project, a small payment token operating on the BNB Smart Chain (BSC), suffered an exploit resulting in the loss of over $3.1 million. Onchain investigator ZachXBT reported that the attacker consolidated the stolen funds, swapping the bulk into BNB and sending approximately $1.04 million to Tornado Cash on BSC. Remaining assets were bridged to Ethereum, where another $1.05 million was deposited into Ethereum's Tornado Cash, with an additional $1.046 million currently dormant at an Ethereum address. GANA Payment, which lacks formal audits, saw its token price drop by over 90% following the incident. This exploit aligns with a broader pattern seen in recent BSC incidents involving quick draining, consolidation, cross-chain bridging, and the use of Tornado Cash for obfuscation.

(Source:The Block)