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Figure Heloc The Wait Is Over: Griffin AI Is Relaunching Its GAIN Token on Major Exchanges
Ryan Moore 
GAIN Is Back
Griffin AI is officially relaunching its GAIN token this Monday, October 6, at 6:00 p.m. Singapore time (12:00 p.m. CET). After last month’s unexpected exploit, the project is coming back stronger with a new contract, an upgraded security setup, and a $2.5 million recovery fund to make affected users whole.
The relaunch will roll out across centralized exchanges (CEXs), self-custody wallets, and Binance Alpha users. A snapshot for the 1:1 token swap was taken on September 24, right when the unauthorized minting began. Liquidity will also be re-established on PancakeSwap, and the Griffin AI roadmap stays fully on track.
What Happened
The original GAIN token launch on September 24 was, at first, a massive success. Starting at $0.05 a $50 million fully diluted valuation the token quickly shot up to $0.24 as trading volume surpassed $100 million in just half a day. But twelve hours later, things took a turn.
An attacker deployed a malicious peer contract on BNB Chain, exploiting a cross-chain endpoint and minting about five billion fake GAIN tokens. Around 2.8% of those tokens worth roughly $3 million were sold before trading could be halted.
Griffin AI’s team moved fast. A full audit confirmed that the core Ethereum contract and the Griffin AI platform weren’t breached. The exploit came solely from a flaw in the BNB bridge used for minting. With that vulnerability now fixed, the team is ready to relaunch GAIN with stronger protections in place.
How the Relaunch Works
The GAIN swap and relaunch process differs slightly for each user group:
For CEX users – Partner exchanges including HTX, MEXC, Gate.io, KuCoin, and WEEX will automatically handle the token swap. You don’t need to do anything your old GAIN will be swapped for the new one 1:1, and trading will reopen gradually starting with MEXC and HTX at launch time on October 6.
For self-custody users (like MetaMask or Ledger) – A snapshot was taken on September 24 at 23:26:18 UTC. All 2,932 legitimate wallet addresses identified in that snapshot will automatically receive their new GAIN tokens 1:1 via airdrop on October 6. No action is required.
If you bought tokens during the exploit period, you can apply to the Goodwill Recovery Program through Griffin AI’s support channels. Payouts will be in GAIN tokens, distributed based on verified claims and subject to vesting.
For Binance Alpha users – Griffin AI is coordinating directly with Binance on how to handle affected balances. The relaunch won’t include a blanket 1:1 swap for all post-incident purchases, so users should wait for Binance’s own update.
Why There’s No Blanket 1:1 Swap
During the attack, fake tokens flooded the market and traded at artificially low prices. If Griffin AI replaced all of them 1:1, the supply would skyrocket and crash the relaunch. Instead, the team created a $2.5 million buyback and recovery fund matching the hacker’s total profits to buy and burn counterfeit tokens over time. This approach protects price stability and rewards legitimate holders without flooding the market.
What’s Next
To restore liquidity, Griffin AI will re-establish the official liquidity pool on PancakeSwap with $600,000 in total liquidity split evenly between USDT and GAIN. The token itself will use LayerZero’s V2 OFT (ERC-20) standard, with the same 1 billion max supply as before and a new contract address at 0xa890F8BA60051ec8a5B528F056DA362Ba208a96F.
The vulnerability has been patched, the contracts are audited by Hacken, and the team says the project’s roadmap hasn’t changed. Griffin AI will keep building its DeFi agent products on both BNB Chain and Ethereum, with a new product update expected later this week.
As Griffin AI put it: GAIN is game on again and this time, it’s built tougher, safer, and smarter for the next chapter of Web3.
About the Author
David Rich 
John Wood 
Timothy Young