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GANA Payment Restart: $3.1 million full compensation, contract permissions will soon be fully opened
[Chain News] GANA Payment is officially back online today. The $3.1 million loss caused by the previous security vulnerability will be fully covered by the GANA Foundation, and affected users will not incur any losses.
More importantly, the team has directly announced that they will completely decentralize power this time - after the restart, they will immediately hand over all control of the contract, and the entire project will follow a fully decentralized governance path.
GANA itself is a PayFi payment protocol running on the BNB Chain, primarily focused on stablecoin settlement and on-chain payment verification. This operation can be seen as a concrete response to the community's concerns regarding transparency and security. Whether trust can be rebuilt will depend on the subsequent execution.