TechFlow, on September 25, according to on-chain analyst Ai Aunt (@ai 9684xtpa), an address (0xf3d...58db2) maliciously minted 5 billion $GAIN tokens today. This action caused the token price to plummet by 95%, after which the attacker sold off holdings to profit approximately $3.01 million.
On-chain analysis shows that the attacker first obtained ETH via Tornado and then used Symbiosis to bridge it into BNB. Within 22 minutes after the minting operation, the dumping began and continued for about 55 minutes. The profits are currently being transferred across multiple chains—including Solana, Ethereum, Base, and Arbitrum—via deBridge.
Analysts suggest this incident may have been caused by a smart contract vulnerability; the exact cause awaits official announcement from the project team.
