Hacker causes Griffin AI’s GAIN price to plummet by 80%

Investors accuse developers of a possible exit scam

Hacker attacks Griffin AI: GAIN token price drops 80%

25.09.2025 - 10:30

529

3 min

Key points:

On September 25, a serious vulnerability was discovered in the Griffin AI project.
The hacker released 5 billion tokens and withdrew some of them to PancakeSwap.
The community suspects the project of an exit scam.

The price of Griffin AI’s native token, GAIN, plummeted more than 80% on September 25, 2025, after an attacker exploited a vulnerability in its smart contract. The hacker issued an additional 5 billion GAIN tokens, increasing the total supply from the initial billion, and immediately transferred 147,5 million tokens to PancakeSwap, earning about 2955 BNB (worth about $3 million).

Source x.com

This attack occurred just as GAIN debuted on the market, appearing on major exchanges including Binance Alpha, KuCoin, HTX, MEXC, and Gate.io. The attacker converted the funds into 720 ETH and ran them through Tornado Cash to cover their tracks. Blockchain analysts, including GoPlus Security, linked the exploit to an unauthorized configuration of LayerZero peers — similar to the attack on the Yala project.

Measures taken after the attack

Griffin AI requested that exchanges suspend trading, deposits, and withdrawals of GAIN to prevent further transactions by the attacker. The team also removed authorized liquidity pools on the BNB Chain and is coordinating with security partners to minimize the impact of the hack. Despite the crisis, daily trading volume rose 126% to $96 million, mainly on DEXs.

Community reaction

The incident sparked lively discussion in the cryptocurrency community. Users noticed that the GAIN token was added to Binance Alpha just one day before the attack, followed by an additional issuance and a massive sell-off of the asset.

Source: x.com