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This week, Griffin AI successfully completed of the $GAIN token swap on Binance Alpha. Following completion of the swap for eligible users, Binance Alpha re-opened trading for $GAIN on 13 October 2025 (12:00 UTC). This is the final milestone of the token swap and trading reopening process. It was successfully conducted on all exchanges involved in initial token launch. This move marks the opening a new growth chapter for the project and its community.
Under the mutual agreement, Binance Alpha and Griffin AI jointly ensured a 1:1 token swap for eligible Binance users who purchased $GAIN before the trading suspension (subject to Binance verification). Binance funded 50% of the replacement tokens from its own treasury, while Griffin AI funded the remaining 50%. This shared-responsibility model achieved two goals: on one side, it protected Binance users giving them 1:1 new token swap; on the other side it created the mechanism to mitigate the impact of the increased circulating supply by joint funding of the buy-back covering entire 180m GAIN allocated to Binance users.
For long term success of GriffinAI project, limitation of the token supply and healthy tokenomics is of significant importance. Getting the financial contribution from Binance side as a part of the token swap resolution marks industry-first, landmark deal that no founder or project had achieved before.
In addition, Griffin AI has activated the first $1,000,000 tranche of its previously announced $2,500,000 Recovery & Buy-Back Fund. The program is designed to remove the extra circulating supply created by the attacker’s unauthorized mint via a compromised BNB bridge on 25 September, and to support orderly market conditions during the post-swap phase. The repurchased tokens will be sent to a burn address monthly with on-chain transparency and a public track record.
As part of the recovery, Griffin AI also completed a supply realignment to ensure that users could be restored without increasing maximum supply.
Tokens used to complete the user swap and to re-establish official liquidity for the new GAIN were sourced from these internal reallocations—not by increasing maximum supply, which remained at 1 billion GAIN. On 13 October, the project’s official PancakeSwap liquidity was re-established and funded with $1,000,000 (split $500,000 in new GAIN and $500,000 in USDT).
The buy-back fund size mirrors the gross proceeds the attacker extracted from selling counterfeit tokens to the community – estimated at $3,000,000. From this, Griffin AI had already absorbed $500,0000 by intercepting fake tokens via its official liquidity pool on PancakeSwap during the incident. The remaining $2,500,000 will finance open-market buy-backs that will reduce the circulating supply toward its intended trajectory. This is the way how GriffinAI takes on itself the full impact of the financial loss the hacker put on users buying fake tokens from him.
Recovery mechanics in two steps:
The relaunch of $GAIN marks a defining moment not only for Griffin AI, but for the broader DeFi ecosystem and crypto community. It sets a new precedent for how founders, exchanges, and communities can unite after an exploit and emerge stronger by working together.
Oliver Feldmeier, Founder & CEO of Griffin AI, said:
“At the start, the situation looked precarious. In incidents like this, projects are often left with two bad options: a blanket 1:1 swap that floods the market with excess supply, or delisting—which hurts users and destroys trust.
We managed to negotiate with Binance a third way. By agreeing to share the burden 50–50, we restored all eligible Binance users 1:1 while at the same time retaining the power to preserve $GAIN’s healthy token economics.
What makes this resolution truly remarkable is that Binance used its own treasury funds to help cover users—something virtually unheard of. It’s a landmark deal and a strong vote of confidence in Griffin AI and our community. We’re grateful for Binance’s professionalism and partnership.”
With the recovery completed, Griffin AI is returning to its focus: building the best AI agents for DeFi and crypto finance. The company continues to scale:
Griffin AI is the leading no-code AI agent builder for decentralized finance, enabling anyone to create, deploy, and scale autonomous crypto-native agents. Its flagship TEA Turbo executes swaps, yields, and cross-chain operations through natural language, while the Agent Builder lets creators launch agents in minutes—no coding required.
Founded by Oliver Feldmeier, who previously founded and took one of Europe’s first regulated digital-asset exchanges public on NASDAQ, Griffin AI combines proven fintech leadership with deep AI engineering to make DeFi simple, intelligent, and accessible for all.
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