BNB News Update: DeFi Oversights Lead to $3.1 Million Loss in GANA Theft

The GANA Payment initiative on

Smart Chain recently fell victim to a major security breach, resulting in the theft of more than $3.1 million in digital assets. The perpetrator utilized Tornado Cash to obscure the movement of the stolen funds across several blockchains, . This event, which took place on November 20, 2025, highlights the increasing dangers that smaller decentralized finance (DeFi) platforms face and the complexities involved in tracing cross-chain exploits.

The hacker gathered the illicit gains at a BSC wallet, converting the majority into BNB before

through Tornado Cash on the BNB Smart Chain. This step was intended to mask the origin of the stolen assets. The attacker subsequently transferred part of the funds to , where an additional 346.8 ETH (valued at roughly $1.05 million) was also laundered through Tornado Cash on that network. that another 346 ETH, approximately $1.046 million, remains untouched in an Ethereum wallet.

GANA Payment, a BEP-20 token project that operates mainly via decentralized exchanges and liquidity pools, has not undergone formal security audits nor published technical documentation, leaving it exposed to such vulnerabilities. Following the breach, the GANA token

according to GeckoTerminal data.

This exploit follows a trend seen in other medium-sized BSC-related attacks this year.

that smaller BNB Chain projects have collectively suffered losses exceeding $100 million in 2025. Similar cases, such as the Future Protocol breach, have been attributed to smart contract flaws, drained liquidity pools, and compromised private keys. The GANA incident employed comparable methods, with the attacker rapidly consolidating, bridging, and mixing funds to avoid detection.

Security experts stress the importance of comprehensive audits and stronger contract architecture to reduce these risks. "The rapid execution and coordination of this breach demonstrate why proactive security is essential," stated a researcher from a blockchain analytics company. "Projects should focus on transparency and frequent audits to guard against such threats."

Tornado Cash, a privacy-centric mixing service, has become a common tool in DeFi hacks. It enables users to blend their assets with others, making transaction tracing much more difficult. Although the attacker's tactics complicate asset recovery, blockchain surveillance and cooperation with exchanges remain vital for monitoring suspicious transactions.

Currently, the attacker still holds over $1 million in ETH that has not been laundered, with no signs of further movement. The likelihood of recovering the stolen funds is slim, but investigators are still tracking the associated wallets. This case serves as a stark warning about the vulnerabilities within DeFi, especially for projects lacking robust security and resources.