Such hacks are known not only for their financial impact but also for the severe blow they deal to a project’s credibility and the broader ecosystem. The attack on GANA Payment is worth examining closely both in terms of how it was executed and how the attackers attempted to erase their tracks.

Fund Drain Begins on BSC

The hack began with unauthorized withdrawals from GANA Payment’s smart contracts on BSC. By exploiting a system vulnerability, the attacker quickly gained control of large amounts of assets.

The first portion of stolen funds consisted of 1,140 BNB, worth approximately $1.04 million at the time. The attacker immediately mixed these BNB tokens through Tornado Cash, a tool frequently used in hacks because it makes tracing funds nearly impossible. The attacker’s decision to exit the BNB Chain early is a classic — and highly effective tactic to disrupt forensic tracking.

Cross-Chain Escape: Funds Moved to Ethereum

In the second phase, the attacker transferred the stolen funds from BSC to Ethereum via cross-chain bridges. Once on Ethereum, the funds were consolidated into 346.8 ETH, valued at around $1.05 million.

On Ethereum, the attacker once again used Tornado Cash to mix the funds — a widely used strategy for removing transaction traces and redistributing stolen assets.

At this point, the attacker’s goals became clear:

• spreading funds across multiple chains,
• complicating the transactional trail,
• making tracking significantly harder,
• breaking trace continuity between networks.

This method is extremely effective in large-scale thefts where attackers aim to cover their tracks.

The Unmoved 346 ETH: Waiting or Planning?

One of the most intriguing details is that approximately 346 ETH (worth around $1.046 million) remains untouched. These funds are currently parked at:

0x7a503e3ab9433ebf13afb4f7f1793c25733b3cca

There are several possible explanations for why the attacker has not moved these funds yet:

• waiting for blockchain security firms to ease monitoring pressure,
• planning to split and move the funds slowly over the coming days,
• waiting for higher mixer liquidity or optimal timing,
• suspecting surveillance on certain wallets or bridges and avoiding risky moves.

This type of waiting strategy is common in major hacks. Attackers often freeze funds for weeks or even months to break tracking patterns.

Assessment: Multi-Chain Hacks Becoming More Dangerous

The GANA Payment incident once again highlights how critical and fragile blockchain security is today. Cross-chain bridges, in particular, are increasingly being used by attackers, making hacks more complex and significantly harder to trace.

When anonymity tools such as Tornado Cash come into play:

• on-chain analysis becomes far more difficult,
• fund origins become obscured,
• attacker behavior becomes unpredictable.

For multi-chain projects, the security risks are much higher than for single-chain architectures. The GANA Payment case is a strong reminder of how quickly projects with weak security frameworks can become targets. It serves as a major warning for developers, investors, and the entire crypto ecosystem: Security must be designed from the beginning — not fixed after a project launches.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Massive Million-Dollar Hack Attack Hits the BSC Network! appeared first on Coin Engineer.

Details of the NGP Token Hack 

The attacker manipulated the price using the PancakeSwap BUSD-NGP pool after buying NGP tokens at low prices. During this process, the maximum purchase limit and buyer waiting time were bypassed using a “DEAD” address. Subsequently, BUSD was withdrawn, draining the liquidity pool. This caused a sudden spike in NGP token price while resulting in a total loss of $2 million. 

Notably, the attacker transferred 443.8 ETH of the stolen funds to Tornado Cash. This move made tracing the transactions difficult and complicated fund recovery further. 

Critical Vulnerabilities in Token Design 

The NGP token attack exploited two main security flaws: 

• Purchase Limit Bypass: Using the “DEAD” address as the buyer allows bypassing the maximum purchase rule. 
• Price Manipulation During Sale: Contract synchronization during token sales reflects deducted fees, momentarily inflating the token price. 
• These vulnerabilities enabled the attacker to manipulate prices through large-volume transactions. 

Market Impact and Security Measures Post-Attack 

The hack highlights the importance of robust security measures in the DeFi ecosystem. Experts recommend strict control of purchase and sale limits in smart contracts and restricting the use of special addresses. Additionally, contract synchronization mechanisms should be secured against potential attacks. 

 You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post 2 Million Dollar Hack Hits BSC Token, Price Drops 88% appeared first on Coin Engineer.

What is DeAgentAI (AIA)?

DeAgentAI is an infrastructure platform operating on the SUI, BSC, and BTC blockchains, supporting AI Agents’ decision-making processes in distributed systems. With the De(cistion)Agent framework, it enables AI models to function reliably and consistently in decentralized environments. AIA tokens form the backbone of the platform’s payment and reward system, allowing users and developers to access decision-making and transaction execution services through autonomous AI Agents. Powered by Large Language Models (LLMs), AI Agents offer autonomous decision-making capabilities, particularly in governance processes. DeAgentAI aims to reduce reliance on centralized systems and build a reliable AI ecosystem by addressing key challenges like consensus, identity, and continuity.

DeAgentAI (AIA) Key Features

DeAgentAI offers innovative features in AI and blockchain integration:

Decentralized Decision-Making

AI Agents make autonomous decisions and execute transactions in distributed systems, providing a structure independent of centralized authorities.

Minimal Entropy Consensus

The minimal entropy mechanism ensures verifiable consensus for AI Agent outputs, enhancing reliability.

Identity and Consistency

Agents have a singular and consistent identity, preventing contradictory decisions and resolving issues similar to double-spending in blockchains.

Continuity

Agents’ memory records past interactions and decisions, consistently informing future actions.

Flexible Tools

Agents are equipped with various tools for external data access, system interactions, and custom actions.

Secure and Transparent Transactions

Decisions supported by Multi-Party Computation (MPC) ensure high security and decentralized execution.

Versatile Applications

From finance to governance, it offers innovative solutions like AlphaX autonomous trading agents and AI DAOs.

How Does DeAgentAI (AIA) Work?

DeAgentAI enables AI Agents to operate in distributed systems through the De(cistion)Agent framework as follows:

1. Agent Creation: Agent creators publish definitions such as Lobe (cognitive engine), memory, and tools to the distributed system.

2. Interaction: Users interact with Agents through transactions (e.g., blockchain transactions) containing payloads like text, images, or audio.

3. Execution: Executors process transactions using the Agents’ Lobe, memory, and tools to generate results.

4. Consensus and Finalization: Committers select a single canonical result using the minimal entropy principle, ensuring identity and continuity.

5. Memory and Tools: Agents’ short- and long-term memory learns from past interactions; tools provide functions like data querying and decision plugins.

6. Agent-to-Agent Communication: The A2A protocol enables Agents to communicate for data exchange, task delegation, and coordinated actions.

7. Secure Execution: MPC ensures secure and decentralized execution of sensitive transactions.

DeAgentAI (AIA) Benefits to Stakeholders

• Users: Gain access to secure, autonomous, and transparent AI services.

• Agent Creators: Develop innovative solutions by creating customized AI Agents.

• Executors and Committers: Earn rewards by participating in transaction and validation processes.

• Communities: Enable transparent and decentralized decision-making through AI Agents in governance processes.

DeAgentAI (AIA) Tokenomics

DeAgentAI operates with AIA tokens, featuring the following:

• Token Name: DeAgentAI (AIA)

• Token Type: Native token in the SUI, BSC, and BTC ecosystems

• Total Supply: Unspecified (subject to updates per platform documentation)

• Use Cases:

  • Platform Access: AIA tokens provide access to AI Agent services.

  • Rewards: Executors and committers are rewarded with AIA for their services.

  • Governance: Token holders can participate in platform decisions.

  • Incentives: Reward programs encourage community participation.

DeAgentAI (AIA) Roadmap

DeAgentAI follows these steps to advance AI and blockchain integration:

• Initial Phase: Laid the foundation for the AI Agent infrastructure with the De(cistion)Agent framework.

• Present: Expanding the ecosystem with autonomous trading agents like AlphaX.

• Future: Global scaling through zkML optimization, entropy function security, and ethical framework research.

DeAgentAI (AIA) Investors and Partners

DeAgentAI has strong investor backing, having raised $6 million:

• Tier 3: Waterdrip Capital, PANONY, Web3.com Ventures, Kernel Ventures

• Tier 4: CatcherVC, GoPlus Security, Vertex Labs, Valkyrie Fund

• Other: Momentum

The platform collaborates with innovative projects, operating seamlessly with the SUI, BSC, and BTC ecosystems.

DeAgentAI (AIA) Team

DeAgentAI is led by an experienced team:

• Yves-Alexandre d’Ouradou (Co-Founder): Expert in artificial intelligence and blockchain technologies.

Official Links

• Website
• X (Twitter)
• Whitepaper

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post What is DeAgentAI (AIA)? appeared first on Coin Engineer.

The BNB Foundation has successfully completed its 28th quarterly BNB token burn, highlighting another important milestone for the BNB Chain. The latest burn, conducted via BNB’s Auto-Burn system, has resulted in a significant reduction in the token’s circulating supply.

Total BNB Burned: 1,643,698.8 BNB

Approximate USD Value at Burn Time: $971 million

As the native token of the BNB Chain ecosystem, BNB plays a crucial role in supporting transactions on the BNB Smart Chain (BSC), opBNB Layer 2 solutions, and the BNB Greenfield blockchain. In addition to facilitating transactions, BNB serves as a governance token, allowing holders to participate in the decentralized on-chain governance of the BNB Chain.

BNB Auto-Burn System

The BNB Auto-Burn system is designed to gradually reduce the total BNB supply to 100,000,000. The burn amount is adjusted based on BNB’s price and the number of blocks generated on the BSC each quarter, ensuring transparency and predictability. This system provides an independently auditable and objective process, with figures reported quarterly.

In addition to automatic burns, BNB also employs a real-time burn mechanism based on gas fees. BSC validators determine the ratio of gas fees collected per block, which are then burned at a fixed rate. Since the implementation of BEP95, approximately 234,000 BNB have been burned through this mechanism.

The BNB Foundation’s ongoing commitment to reducing the total BNB supply aims not only to enhance the token’s value and utility but also to maintain a robust and transparent ecosystem. This steadfast dedication underscores the foundation’s resolve to uphold a transparent and sustainable ecosystem.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post BNB Foundation Successfully Completes 28th Token Burn! appeared first on Coin Engineer.

The platform prioritizes user satisfaction and ensures that participants in pre-sales do not incur losses. It hosts pre-sales for game-centered gamefi (IGO) projects as well as pre-sales (INO) for game-centered NFT projects.

You might like it: What Is Uniswap?

How Seedify.fund Works?

To participate in a pre-sale on this platform, you need to follow a few steps. Firstly, you must lock SFUND tokens on the platform for a specified duration, ranging from 7 days to 180 days. After locking your SFUND tokens, you need to complete the KYC process and upon authentication.

Seedify.fund examines and conducts research on projects to be launched on its platform. It offers an incubation program to support entrepreneurs in the blockchain and crypto ecosystems. Entrepreneurs accepted into the program gain access to SFUND tokens.

Who are the Founders?

Levent Cem Aydan founded the launchpad platform and SFUND token in 2021. Aydan, known for his entrepreneurial spirit, has been involved in blockchain and cryptocurrencies since 2018. Recognizing the potential, Aydan established Seedify.fund as the first game-oriented funding incubator and pre-sale platform on the blockchain.

Who are Partners?

Seedify.fund has carefully chosen its partners in response to the growing interest in pre-sale platforms within the crypto ecosystem. Here are the partners of the platform:

• Yield Guild
• Apeswap
• Asteroid
• Basics Capital
• Elrond
• Everse Capital
• Bluewheel
• Kairon Labs
• Metis

How is SFUND Token Allocation?

Total supply: 100,000,000 SFUND

Team share: 20% (20,000,000 tokens) Allocated to the launchpad’s team for project development, management, and growth.

Investors share: 20% (20,000,000 tokens) – Reserved for private and public investors in Seedify.fund.

Ecosystem share: 60% (60,000,000 tokens) – Allocated to the Seedify.fund ecosystem for the incubation program, staking, rewards, and other ecosystem activities.

How to Buy SFUND Tokens?

You can buy SFUND tokens from various exchanges including Huobi, KuCoin, Gate.io, and MEXC. Take your own risk!

You can present your own thoughts as comments about the topic. Moreover, you can follow us on Telegram and YouTube channels for the kind of news.

The post What is Seedify.fund (SFUND)? appeared first on Coin Engineer.