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GriffinAI Token Plunges 90% After Massive Supply Increase

GriffinAI Token Plunges 90% After Massive Supply Increase

A cross-chain exploit allowed attackers to mint 5 billion GAIN tokens, triggering a rapid price crash and highlighting vulnerabilities in token issuance security.

ETH
BNB

Summary

GriffinAI’s GAIN token experienced a drastic 90% drop following a hack on September 25, 2025, where attackers exploited LayerZero and minted 5 billion GAIN tokens. The price fell from $0.163 to $0.003, before rebounding to around $0.026. The attackers laundered the funds via Tornado Cash, prompting GriffinAI to suspend trading and liquidity on BNB Chain while emphasizing security concerns around token issuance.

Terms & Concepts
  • Cross-Chain Exploit: An attack that exploits vulnerabilities across different blockchain networks to manipulate or mint tokens illicitly.
  • Token Minting: The process of creating new tokens and adding them to a blockchain, often leading to an increase in supply and potential market disruption.