Incident Overview
On October 27, 2025, GMGN.Ai's co-founder, Haze, announced that the company had fully reimbursed users impacted by a phishing incident. The attack involved 729 transactions and was identified as a MEV "sandwich attack."
Haze, who managed the incident response, confirmed that reimbursements were directly made to affected user wallets through direct wallet compensation. This response also included implementing reinforced security protocols to thwart similar threats.
User Compensation and Security Commitment
The phishing attack resulted in financial disruptions for the users involved. Affected wallets were promptly addressed with direct compensations, demonstrating GMGN.Ai's dedication to user security.
These swift reimbursements contrast with typical outcomes in previous DeFi incidents, where victims often experienced delayed or incomplete compensation. This approach marks a significant achievement in managing cryptocurrency security threats.
Industry Implications and Security Standards
The industry's previous responses to similar attacks reveal broader implications for DeFi security standards. In many past instances, users have faced prolonged uncertainty regarding their losses.
Historical trends highlight the rarity of full compensation in such events, emphasizing the critical need for proactive security measures within the Decentralized Finance (DeFi) space. This incident may encourage greater industry diligence towards enhanced phishing prevention strategies.
Official Statement
Haze, Co-founder of GMGN.Ai, stated, "The team has completed compensation payments to users affected by the MEV attack. All losses have been calculated and distributed directly to user wallets."