Binance Alpha project Griffin AI crashed 90% in minting attack

**Binance Alpha Project Griffin AI Suffers Devastating 90% Crash Following Major Security Exploit**

Griffin AI, a prominent cryptocurrency project listed on Binance Alpha, experienced a catastrophic security breach that decimated its token value by up to 95%. The DeFi protocol fell victim to a sophisticated minting attack where hackers exploited a fraudulent token contract to generate 5 billion unauthorized GAIN tokens.

The cryptocurrency exploit saw malicious actors liquidate a significant portion of the illegally minted tokens, converting them into approximately 2,500 BNB (Binance Coin) worth hundreds of thousands of dollars. This massive token dump triggered severe market volatility, causing Griffin AI's price to plummet dramatically within hours.

The blockchain security incident highlights ongoing vulnerabilities in decentralized finance protocols and smart contract implementations. Bitcoin and broader cryptocurrency markets remain relatively stable despite this isolated exploit, though investor confidence in emerging DeFi projects continues facing scrutiny.

Griffin AI's reputation has suffered irreparable damage following this devastating attack, with trading volumes collapsing and community trust severely compromised. The incident serves as another stark reminder of the importance of rigorous smart contract auditing and robust security measures in the rapidly evolving cryptocurrency ecosystem.