[PRESS RELEASE – Liechtenstein, Liechtenstein, October 6th, 2025]

Griffin AI is set to relaunch its GAIN token today, October 6, at 6:00 PM Singapore time (12:00 PM CET). This revamped launch will have different processes for centralized exchanges (CEX), self-custody wallet holders, and Binance Alpha users. A snapshot was performed during the unauthorized minting on September 24 for a planned 1:1 token swap. To recover from the incident, the founder has allocated a $2.5 million goodwill recovery and buyback fund equivalent to the stolen amount due to the sale of counterfeit tokens.

Liquidity on PancakeSwap will be restored, and the project’s roadmap remains intact.

GAIN Token Relaunch Details

When: Today, October 6, at 6:00 PM Singapore Time (12:00 CET)

Background: On September 24, the original GAIN token was launched successfully at a price of $0.05, achieving a rapid valuation increase to $0.24 and trading volumes exceeding $100 million. However, a malicious actor exploited a loophole, minting around 5 billion counterfeit GAIN tokens on the Binance Smart Chain, leading to the sale of approximately 2.8% of those for an estimated $3 million.

Security audits were carried out to assess the integrity of the smart contracts and those involved in minting operations, revealing no breaches on Griffin’s Ethereum smart contract, platforms, or products. The breach was confined to an exploit within the BNB bridge on BNB Chain for the illegal creation of fake tokens.

Relaunch Process

The relaunch will have distinct protocols for:

• CEX Users: Partner exchanges such as HTX, MEXC, and Gate.io will manage the contract swap, crediting user accounts with new GAIN tokens after removing the old ones. Trading will resume starting with MEXC and HTX today at 6 PM SGT.

• Self-Custody Wallet Holders: A snapshot taken on September 24, at 23:26:18 UTC will allow holders of genuine GAIN to receive new tokens through an airdrop with no further action needed on their part.

• Binance Alpha Users: Due to the high volume of counterfeit tokens absorbed between September 25 and October 2, users are advised to await Binance’s announcement regarding the handling of the contract swap.

Next Steps for Users

Affected users need to stay updated through exchange announcements and can follow Griffin AI on Twitter @Griffin_AI.

GAIN Token and Security Information

• Token type: LayerZero V2 OFT (ERC-20)
• New contract address: 0xa890F8BA60051ec8a5B528F056DA362Ba208a96F
• Security audit: Conducted by Hacken. Access the audit report here.

Griffin AI continues its mission to innovate within the DeFi space, launching intelligent agents that execute complex transaction strategies across various chains and wallets.