Essential transfer to revive belief after Griffin AI (Acquire) was hacked. Binance Alpha has introduced the Griffin AI token swap on the improved Binance Alpha 2.0 platform. This choice was made following the hack and continued teamwork between the change and the Griffin AI group to make sure full safety was offered to affected customers.
The change beforehand confirmed that buying and selling of the brand new GAIN token will formally resume on October 13, 2025 at 12:00 UTC. That is welcome information after the mission assured that the safety of pre-reporting customers is a high precedence and that either side will work collectively to revive investor confidence.
The GAIN token confronted a buying and selling suspension on October 1, 2025 at 23:00 (UTC) as a result of a reported hack inflicting safety issues and unauthorized motion of funds. Binance Alpha’s immediate intervention goals to make sure that customers are pretty compensated. It is usually assured that token operations will return to regular with out inflicting any loss to eligible holders.
Binance Alpha introduced a contract change with Griffin AI (GAIN) following the hacking incident in opposition to GAIN.
Following the mission’s clarification that it prioritizes the pursuits of its customers, buying and selling of recent GAIN tokens will start on Binance Alpha 2.0 on 2025-10-13 12:00 (UTC). pic.twitter.com/pocHZlwbQb
— Binance Pockets (@BinanceWallet) October 13, 2025
How Binance Alpha Griffin AI Token Swap Works
The Binance Alpha Griffin AI Token Swap is designed to make sure a seamless transition from compromised GAIN contracts to new safe tokens. A snapshot of all consumer balances was taken on the time of buying and selling suspension. That is the premise for calculating the variety of tokens eligible for swap.
To additional strengthen consumer safety, Binance Alpha introduced that it’ll self-fund 50% of the tokens required for the swap. The remaining 50% will probably be offered by the Griffin AI mission group, guaranteeing that every one affected customers will obtain a 1:1 change for his or her earlier holdings.
This joint monetary duty demonstrates the platform’s dedication to consumer security and transparency. It additionally units new requirements for a way exchanges and initiatives can work collectively to cut back harm after a cybersecurity incident.
Person safety on the core of Binance Alpha’s assist
Binance Alpha’s consumer safety initiatives play a central function on this total restoration course of. Binance Alpha’s energetic funding exhibits that the change will not be solely a buying and selling platform, but additionally a accomplice that values accountability and belief.
Griffin AI has pledged to compensate customers and work with Binance Alpha to revive belief throughout the cryptocurrency ecosystem. This initiative takes concrete and proactive steps to rebuild belief amongst token holders and traders. This response can also be in step with the platform’s mission to place customers first and create a safety-first buying and selling atmosphere, particularly underneath duress. This partnership exhibits {that a} coordinated response can cut back the impression of hacks and additional disrupt the token ecosystem.
Griffin AI acquisition plan to strengthen market stability
Along with the Griffin AI contract change, the mission additionally confirmed plans to launch a buyback program. Particulars of this initiative will probably be introduced in a future announcement, however this transfer demonstrates a powerful dedication to supporting the value and liquidity of the brand new GAIN token.
The buyback program will assist restore market stability by absorbing extra tokens and reassuring traders in regards to the sustainability of the mission. On this case, a share buyback may function an necessary step towards rebuilding Griffin AI’s long-term credibility. This additionally maintains worth stability after a breach of contract.
remaining ideas
Binance Alpha’s swift and clear response to the Griffin AI Contract Swap highlights Binance Alpha’s dedication to consumer security and belief. Our mixed 50/50 protection of each exchanges and initiatives displays a balanced and unbiased method to post-hack restoration.
Buying and selling is scheduled to renew on October thirteenth, and customers can count on a secure and steady atmosphere. This coordinated motion may mark the start of a brand new section of credibility as Griffin AI rolls out its personal buyback plan. It additionally offers belief to each the token and its group.
