gana

With the implementation of new payment regulations, the demand for bank payments has become a necessity for all Web3 users. GANA Payment announced that its token will soon be fully integrated into the payment ecosystem, positioning itself as the core governance token in the entire Web3 payment ecosystem.GANA will upgrade from a single functional attribute to a key hub connecting payments, scenarios, and governance mechanisms, promoting the widespread application of the token in real use cases.GANA Payment is accelerating its entry into a Web3 large payment ecosystem phase oriented towards real consumption and value circulation.

According to official news, GANA Payment has confirmed that it will officially restart on December 2, 2025. The $3.1 million in assets stolen due to a security incident will be fully compensated by the GANA Foundation to all affected users, ensuring complete coverage of user assets with zero loss.The official announcement also stated that after the restart is completed, the project team will immediately relinquish all contract permissions, and GANA Payment will fully transition to a decentralized governance model.GANA is a PayFi payment infrastructure deployed on the BNB Chain, providing a simple, secure, and sustainable on-chain payment experience for global users through stablecoin settlement, LP liquidation mechanisms, and on-chain verifiable Proof-of-Pay models.

Slow Fog stated on the X platform that the theft of GANA was caused by the leakage of the owner private key of the GANA Payment Stake contract. The subsequent attack used some techniques, such as the utilization of 7702 delegate, which conveniently bypassed the onlyEOA check for unstaking. By changing the relevant Rate and Fee, the attacker was able to achieve the result of unstaking hundreds of USDT while only staking a few hundred USDT.

According to on-chain security analyst ZachXBT, the payment project GANA Payment on the BSC chain was attacked a few hours ago, resulting in a loss of approximately $3.1 million.The attacker has deposited 1,140 BNB (about $1.04 million) into Tornado Cash on BSC and transferred the funds to Ethereum via a cross-chain bridge, where 346.8 ETH (about $1.05 million) was also deposited into Tornado Cash on Ethereum. Currently, another 346 ETH (about $1.046 million) remains idle in the Ethereum address starting with 0x7a.

ChainCatcher news, Magic Eden data shows that the floor price of the Solana ecosystem NFT series Froganas has risen to 14.46 SOL, with a 24-hour increase of 77.66%.

ChainCatcher news, ConsenSys announced that it will gradually discontinue the Web3 development tools Truffle and Ganache, and authorize developers to use MetaMask tools such as Snaps and SDK to build DApps. ConsenSys stated that the demand for its Infura, MetaMask Snap, and SDK products has surged, and will shift the focus of the Truffle team to expanding these products and assisting developers in building with MetaMask.ConsenSys will collaborate with HardHat to provide a smooth transition process for current developers, supporting Truffle and Ganache users in transitioning to HardHat, Foundry, as well as other ecosystem tools like Remix, Thirdweb, and OpenZeppelin. Starting from December 20, 2023, the Truffle and Ganache codebases will continue to be available as public archives. This gives developers approximately 90 days to migrate to HardHat and other solutions.

ChainCatcher news, Coinbase signed a memorandum of understanding with the Telangana government on Saturday local time, aiming to explore a Web3 regulatory sandbox in India and provide support as a technical advisor for the Web3 initiatives implemented by the Indian government. (Source link)