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 determination was made following the hack and continued teamwork between the change and the Griffin AI crew 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 undertaking assured that the safety of pre-reporting customers is a prime 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) because of a reported hack inflicting safety considerations 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 towards GAIN.
Following the undertaking’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 person 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 person safety, Binance Alpha introduced that it’ll self-fund 50% of the tokens required for the swap. The remaining 50% shall be offered by the Griffin AI undertaking crew, making certain that every one affected customers will obtain a 1:1 change for his or her earlier holdings.
This joint monetary accountability demonstrates the platform's dedication to person 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 help
Binance Alpha’s person safety initiatives play a central function on this total restoration course of. Binance Alpha’s energetic funding reveals that the change isn’t solely a buying and selling platform, but in addition a associate 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 buyers. This response can be in line with the platform's mission to place customers first and create a safety-first buying and selling setting, particularly below duress. This partnership reveals {that a} coordinated response can cut back the influence of hacks and additional disrupt the token ecosystem.
Griffin AI acquisition plan to strengthen market stability
Along with the Griffin AI contract change, the undertaking additionally confirmed plans to launch a buyback program. Particulars of this initiative shall be introduced in a future announcement, however this transfer demonstrates a powerful dedication to supporting the worth and liquidity of the brand new GAIN token.
The buyback program will assist restore market steadiness by absorbing extra tokens and reassuring buyers concerning the sustainability of the undertaking. On this case, a share buyback may function an necessary step towards rebuilding Griffin AI's long-term credibility. This additionally maintains value 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 person 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 anticipate a protected and steady setting. 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 neighborhood.
