Quick Takeaways
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GAIN Token Relaunch: Griffin AI will relaunch its GAIN token on October 6, 2025, at 6:00 p.m. Singapore time, implementing a 1:1 token swap for affected user groups following a recent hacking incident.
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Security Measures & Recovery Fund: A USD 2.5 million recovery and buyback fund is established to compensate for losses from counterfeit tokens sold by the hacker, with a focus on maintaining market integrity.
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User Group Specific Processes: Different procedures are set for users on centralized exchanges (CEX), self-custody wallets, and Binance Alpha, ensuring tailored solutions for each group to facilitate the relaunch.
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Continued Development: Despite the incident, Griffin AI’s roadmap remains unchanged, focusing on innovation in DeFi technology while reinforcing security through updated protocols and audits.
**Griffin AI to Relaunch GAIN Token on Major Exchanges**
[PRESS RELEASE – Liechtenstein, Liechtenstein, October 6th, 2025] — Griffin AI announces the relaunch of its GAIN token today at 6:00 p.m. Singapore Time (12:00 p.m. CET). This highly anticipated event reflects the company’s commitment to transparency and security.
Initially launched on September 24, the GAIN token reached a valuation of $50 million before an unauthorized minting incident disrupted the market. However, Griffin AI’s swift response included a $2.5 million buyback fund to compensate affected users. Importantly, no security breaches occurred on the Griffin platform itself.
The relaunch will vary for different user groups. For those using centralized exchanges (CEX) like MEXC and KuCoin, the process involves automatic token swaps managed by the exchanges. Users simply need to wait for announcements regarding trading re-openings.
For self-custody wallet holders, Griffin AI will airdrop new GAIN tokens based on a snapshot taken at the time of the incident. Nearly 3,000 wallets will receive new tokens 1:1 without any action required.
Binance Alpha users face a more complex situation due to the broader exposure to counterfeit tokens. Griffin AI is currently collaborating with Binance to provide a tailored recovery solution.
The company aims to restore market integrity while ensuring a smooth relaunch. The planned liquidity setup includes a $600,000 liquidity pool on PancakeSwap, comprised equally of USDT and GAIN tokens.
With GAIN as the native token, Griffin AI continues its mission to innovate in the Decentralized Finance (DeFi) sector. The company plans to roll out new developments, reinforcing its role in the increasingly vital intersection of AI and blockchain.
By prioritizing community support and enhancing security measures, Griffin AI sets a positive precedent for future developments in the tech landscape.
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