How the Mint-and-Dump Exploit Happened

[chainsniff]

Investigators traced the attack to a fake LayerZero peer setup on Ethereum:

The attacker inflated GAIN supply from 1B to 6B tokens.

147.5M tokens were sold on PancakeSwap, netting ~3,000 BNB (~$3M).

Funds were converted and spread across multiple wallets, then funneled through Tornado Cash for obfuscation.

Security analysts suggest it was likely an outsider exploiting a vulnerability, not the core Griffin AI team.

[Nahid10]

GAIN supply inflated from 1B → 6B Attacker dumped 147.5M on PancakeSwap for 3,000 BNB, then washed via Tornado Cash. ️

[jacson4]

Looks like an external exploit, not insider job Fake LayerZero peer on ETH let attacker siphon $3M. Griffin AI has big trust issues now.