Burn

Griffin AI

LayerZero

Tornado

<p>Griffin AI’s native token $GAIN has suffered a devastating exploit, sending shockwaves through its community. The token price crashed by more than 84% in just 24 hours, dropping from around $0.16 to nearly $0.017. The sudden plunge wiped out millions in market value and shook investor confidence.</p>
<p>CertiK, a blockchain security firm, announced that the attacker had made a counterfeit LayerZero Peer on Ethereum. This enabled them to issue 5 billion fake GAIN tokens that were subsequently bridged to Binance Smart Chain (BSC).</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p><a href="https://twitter.com/hashtag/CertiKInsight?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#CertiKInsight</a> 🚨<br><br>We have seen an exploit on <a href="https://twitter.com/Griffin_AI?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@Griffin_AI</a>. The attacker initialized a false LayerZero Peer on Ethereum, then bridged 5B fake token it created to mint 5B <a href="https://twitter.com/search?q=%24GAIN&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$GAIN</a> on BSC.<br><br>The 5B GAIN tokens were liquidated for ~$3M and bridged back to Ethereum, then deposited into… <a href="https://t.co/6GDCw9a73j" rel="noopener noreferrer nofollow">pic.twitter.com/6GDCw9a73j</a></p>— CertiK Alert (@CertiKAlert) <a href="https://twitter.com/CertiKAlert/status/1971053766540657069?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 25, 2025</a>
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<p>Once on BSC, the attacker liquidated the tokens for almost $3 million. After securing the funds, they bridged the profits back to Ethereum and laundered them through Tornado Cash, a crypto mixing service that is popularly used to hide stolen funds.</p>
<h2 class="wp-block-heading" id="lookonchain-tracks-stolen-funds">Lookonchain tracks stolen funds</h2>
<p>On-chain analytics platform <a href="https://www.lookonchain.com/" target="_blank" rel="noopener noreferrer nofollow">Lookonchain</a> also confirmed the attacker’s moves, noting that 2,956 BNB (worth around $3 million) was swapped during the exploit. The funds were later converted into Ethereum (ETH) before being funneled into Tornado Cash.</p>
<p>Lookonchain also provided several wallet addresses related to the hack, such as 0x107E83E…, 0xB31BDD…, and so on. Such addresses are now tagged as suspicious, but it is not clear that the funds will be recovered, considering the use of privacy tools.</p>
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   <p>5B <a href="https://twitter.com/search?q=%24GAIN&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$GAIN</a> was abnormally minted, part of which was sold for 2,956 <a href="https://twitter.com/search?q=%24BNB&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BNB</a>($3M).<br><br>The funds were then bridged to <a href="https://twitter.com/hashtag/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Ethereum</a> via deBridge, swapped for <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a>, and deposited into <a href="https://twitter.com/hashtag/TornadoCash?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#TornadoCash</a>.<br><br>Address:<br>0x107E83EBE677DDec253C440127F23310720177c2<br>0xB31BDDb3d1c2b45E5c5fE149Aa4c8304e9D1916C… <a href="https://t.co/5iHtBTUdjx" rel="noopener noreferrer nofollow">pic.twitter.com/5iHtBTUdjx</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1971044128713736350?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">September 25, 2025</a>
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<h2 class="wp-block-heading" id="market-impact-and-price-crash">Market impact and price crash</h2>
<p>The hack severely affected the price and liquidity of $GAIN. The trading volume of the token increased over 400% in the hours after the exploit, with the token experiencing panic selling and arbitrage trading.</p>
<p>According to <a href="https://coinmarketcap.com/currencies/griffin-ai/" target="_blank" rel="noopener noreferrer nofollow">CoinMarketCap</a> data, the market capitalization of $GAIN also dropped by almost 81.66% to $4.6 million in a day. This sharp fall is an indication of the dilution of the 5 billion minted tokens as well as the loss of investor confidence.</p>
<p>The Griffin AI exploit highlights the fact that cross-chain bridges and token minting vulnerabilities are very risky. Having cost millions and destroyed trust, the incident is a lesson to both investors and developers: in crypto, a single exploit can kill trust in a single night.</p>
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 <p>Also Read: <a href="https://www.cryptotimes.io/2025/09/19/shib-burn-rate-soars-1400-amid-hack-and-whale-activity/" target="_blank" rel="noopener noreferrer nofollow">SHIB Burn Rate Soars 1400% Amid Hack and Whale Activity</a></p>
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Hack Turns $GAIN Into Pain, Griffin AI Token Crashes 84%

Table of Contents

The Crypto Times

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