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GriffinAI

avoid.net/griffinai→28/100·78% conf.
[AI-DRAFTED · AWAITING VERIFICATION][src:defillama]

Auto-generated score, not yet verified against the scoring model. Under review — treat as indicative, not a verdict.

anchored·4hc36T…izBc

Summary

Griffin AI is a Web3 no-code AI agent builder on BNB Chain that launched its native GAIN token on Binance Alpha on September 24, 2025. Within hours of launch, an attacker exploited a misconfigured LayerZero cross-chain peer to mint 5 billion unauthorized GAIN tokens and dump approximately $3 million worth into the market, crashing the token 87-90% and erasing roughly $36 million in market capitalization. The team subsequently enacted a token migration, a $2.5 million recovery fund, and a re-launch on October 6, 2025, though GAIN continues to trade approximately 95% below its all-time high.

Connected Entities

1 entities
Protocols
⌂GriffinAI
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    Timeline(8 events)

    24 September 2025

    Griffin AI lists GAIN token on Binance Alpha, KuCoin, MEXC, HTX, and Gate.io. Token opens at $0.05 and surges over 400% to approximately $0.24, reaching a peak fully diluted valuation near $224 million.

    24 September 2025

    Attacker compromises the admin EOA on BNB Chain (0x54a978238984d581edd3a9359dda9be53a930a7e), calls `setPeer` to register a fraudulent Ethereum contract as a trusted LayerZero peer, and mints 5 billion unauthorized GAIN tokens on BNB Chain.

    24 September 2025

    GoPlus Security issues an on-chain alert approximately 22 minutes after the exploit. Attacker dumps 147.5 million GAIN on PancakeSwap for approximately 2,955 BNB (~$3 million). Proceeds converted to ~720 ETH via deBridge and routed through Tornado Cash.

    24 September 2025

    GAIN collapses 87-90% from peak, market capitalization falls from ~$224 million to approximately $7 million. Griffin AI requests all exchanges halt GAIN deposits, withdrawals, and trading.

    25 September 2025

    Founder Oliver Feldmeier issues public apology, takes 'full responsibility,' and attributes breach to 'a misconfigured LayerZero cross-chain messaging set-up and compromised key.' ZachXBT flags the incident on his Telegram channel, with secondary sources citing his linkage of attacker laundering activity to DPRK-affiliated wallets.

    25 September 2025

    Griffin AI announces migration to a new fully-audited GAIN token and establishment of a $2.5 million recovery fund to compensate affected buyers.

    6 October 2025

    Griffin AI re-launches GAIN token on major exchanges. Pre-hack holders receive new GAIN 1:1 via airdrop. Binance covers approximately half of replacement tokens distributed to affected users.

    26 May 2026

    GAIN trades at approximately $0.0013, approximately 95.3% below its all-time high of ~$0.028. No regulatory actions have been identified against Griffin AI or its founders.

    Provenance & Audit Trail
    Anchored on SolanaVerify on-chain16 Wayback Archivessrc:defillama

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain (1 event). 16 of 18 cited source URLs have an Internet Archive snapshot.

    full audit log →version history →

    model: claude-sonnet-4-6

    generated: 5/4/2026, 2:54:21 AM

    last updated: 8/30/2026, 3:54:59 AM

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