Binance Alpha project Griffin AI crashed 90% in minting attack

Griffin AI, a Binance Alpha project, crashed by 90% just a day after its ￰0￱ exploit that minted unauthorized GAIN tokens caused the rapid loss of ￰1￱ AI (GAIN) was one of the projects featured on Binance Alpha in the past day, offering a special airdrop for eligible ￰2￱ hours after the token launch, the asset was down by 87%, based on a period of concentrated ￰3￱ AI’s GAIN token crashed by up to 85% after the unauthorized minting of 5B new tokens. |). This prevents the attacker from transacting and protects our community. We’re coordinating closely with exchanges & security partners. 🙏 Thank you for your ￰4￱ updates… — GriffinAI | The #1 AI Agent Builder for DeFi 🤖 (@Griffin_AI) September 25, 2025 So far, Mexc has stopped its early-stage market for ￰5￱ Mexc exchange noted the unauthorized supply gain even earlier and stopped GAIN trading even before the Griffin AI team explicitly requested.

However, even with a trading halt, the attacker has already swapped out multiple tranches of GAIN and bridged around 2,500 BNB to the main ￰6￱ Griffin AI project was a multi-chain structure, and the attacker used a fake Ethereum contract, but ended up taking BNB tokens after ￰7￱ big problem is that GAIN still has 4.8B tokens outstanding in unauthorized supply, with no decision yet on freezing or removing the ￰8￱ AI stops airdrop campaign Following the exploit, Griffin AI has announced the end of its airdrop ￰9￱ previous Binance Alpha airdrop will not be affected, but no new tokens will be issued from the project’s ￰10￱ token is still live, and Binance Alpha traders have full access to ￰11￱ recent GAIN token event recalls the recent exploit of the UXLink token, which also fell due to unauthorized ￰12￱ Cryptopolitan reported , the token remains active.

Ironically, the hacker’s wallet itself was emptied by another phishing ￰13￱ the exploit, Binance removed the incentives for trading GAIN and canceled the volume boost events, leaving just regular decentralized ￰14￱ Difference Wire : the secret tool crypto projects use to get guaranteed media coverage