Unauthorized 5B Token Minting Triggers 90% Price Collapse for Griffin AI Project
Binance Alpha-selected project Griffin AI faced catastrophic devaluation after a security breach allowed unauthorized minting of 5 billion GAIN tokens. The attacker sold a portion for approximately 2,500 BNB via PancakeSwap, causing up to 95% price depreciation within 24 hours of launch and halting the project's airdrop campaign.