{"id":11705,"date":"2025-09-25T06:08:10","date_gmt":"2025-09-25T06:08:10","guid":{"rendered":"https:\/\/bitunikey.com\/news\/griffin-ai-price-crashes-90-after-attacker-mints-5b-gain-tokens-a-day-after-launch\/"},"modified":"2025-09-25T06:08:13","modified_gmt":"2025-09-25T06:08:13","slug":"griffin-ai-price-crashes-90-after-attacker-mints-5b-gain-tokens-a-day-after-launch","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/griffin-ai-price-crashes-90-after-attacker-mints-5b-gain-tokens-a-day-after-launch\/","title":{"rendered":"Griffin AI price crashes 90% after attacker mints 5B GAIN tokens a day after launch"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Griffin AI\u2019s token GAIN collapsed more than 90% within 24 hours of its launch after an attacker minted 5 billion tokens through a cross-chain exploit, wiping out millions in market value.<\/p>\n<div id=\"cn-block-summary-block_b1bcbc498f8558b7ee51a6b79bb97a03\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Griffin AI price plunged 90% within 24 hours of launch.<\/li>\n<li>Exploiter minted 5B GAIN tokens using a fake LayerZero peer.<\/li>\n<li>Exploit questions raise concerns about contract security and insider risk.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The project confirmed on Sept. 25 that an \u201cunauthorized LayerZero peer\u201d was introduced, allowing the attacker to bypass Griffin AI\u2019s official Ethereum endpoint. <\/p>\n<p>The exploiter deployed a fake Ethereum (ETH) contract, then added it as a peer for GAIN\u2019s cross-chain setup. This enabled the minting of 5 billion tokens on BNB (BNB) Chain, far exceeding the project\u2019s 1 billion supply cap.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Several hours ago GAIN (BNB chain) experienced abnormal minting and dumping, leading to a sharp price drop.  Our investigation confirms the cause:<\/p>\n<p>\u2013 An unauthorized LayerZero peer setup was introduced. <\/p>\n<p>\u2013 The attacker deployed a fake Ethereum contract ($TTTTT at 0x7a8caf). <\/p>\n<p>-\u2026<\/p>\n<p>\u2014 GriffinAI | The #1 AI Agent Builder for DeFi \ud83e\udd16 (@Griffin_AI) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/Griffin_AI\/status\/1971049192245047677?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">September 25, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Blockchain data shows that the attacker\u2019s wallet dumped around 147.5 million GAIN on PancakeSwap (CAKE) and over-the-counter trades in under an hour, causing the token price to crash. Analysts estimate the exploiter bridged profits via deBridge to Solana, Ethereum, Base, and Arbitrum, netting between $3-$4 million.<\/p>\n<p>Security firm GoPlus <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/goplussecurity\/status\/1971026729876832721?s=46&amp;t=nznXkss3debX8JIhNzHmzw\" target=\"_blank\" rel=\"nofollow\">flagged<\/a> the exploit as similar to the recent Yala attack, where a fake LayerZero peer was also used to bypass cross-chain security checks.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Market fallout post hack<\/h2>\n<p>The incident erased nearly $36 million in market capitalization, sending $GAIN from its launch highs near $0.25 to $0.0273 at press time, a 87% plunge. Market cap now stands around $6.4 million. Trading volume surged to nearly $100 million in 24 hours, up 133% from the day before, as opportunistic traders attempted to play the volatility.<\/p>\n<p>Griffin AI emphasized that user wallets were not directly compromised. The project said further updates will follow as it investigates and works with partners to address the incident.<\/p>\n<h2 class=\"wp-block-heading\">Questions over Griffin AI security<\/h2>\n<p>The exploit came less than 24 hours after Griffin AI launched its token on Binance Alpha, KuCoin, HTX, MEXC, and Gate.io. The GAIN contract had been audited by Hacken pre-launch, but analysts suggest the flaw was introduced post-deployment through misconfigured multisig permissions or an insider compromise.<\/p>\n<p>The sudden crash has fueled debate on X over whether the exploit was an external hack or a potential inside job. For now, the attacker remains in control of the excess minted supply, though dumping paused after the initial sell-off.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Griffin AI\u2019s token GAIN collapsed more than 90% within 24 hours of its launch after an attacker minted 5 billion tokens through a cross-chain exploit, wiping out millions in market&hellip;<\/p>\n","protected":false},"author":1,"featured_media":614,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-11705","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11705","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=11705"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11705\/revisions"}],"predecessor-version":[{"id":11706,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/11705\/revisions\/11706"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/614"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=11705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=11705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=11705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}