$GAIN Faces Major Setback as Griffin AI Token Plummets 84%

Exploit Details: Griffin AI's native token $GAIN experienced a catastrophic exploit, leading to an 84% price drop after an attacker created 5 billion counterfeit tokens using a false LayerZero Peer on Ethereum, which were then liquidated for approximately $3 million.

Market Impact: The exploit resulted in a significant loss of market capitalization for $GAIN, plummeting by nearly 81.66% to $4.6 million, highlighting the vulnerabilities in cross-chain bridges and the potential for a single exploit to severely undermine investor trust.