In a significant move for user security in the decentralized finance (DeFi) sector, GMGNAI has successfully reimbursed all users affected by a recent phishing attack. According to the conclusions drawn in the analytical report, the announcement, made by cofounder Haze on October 27, 2025, highlights the company's commitment to protecting its users from cyber threats.
Phishing Incident Overview
The phishing incident, classified as a MEV sandwich attack, impacted a total of 729 transactions. Haze confirmed that reimbursements were made directly to the wallets of the affected users, ensuring that they were compensated swiftly and efficiently. This rapid response stands in stark contrast to the typical outcomes in the DeFi space, where victims often experience significant delays in receiving compensation.
Industry Implications
GMGNAI's proactive approach not only addresses the immediate concerns of its users but also sets a precedent for the industry. By taking decisive action, the company may inspire other DeFi platforms to enhance their phishing prevention measures and prioritize user security, ultimately fostering a safer environment for all participants in the crypto ecosystem.
In a recent development, Metaplanet announced a share buyback program aimed at enhancing returns from its Bitcoin holdings, contrasting GMGNAI's focus on user security following a phishing attack. For more details, see read more.
