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The GAIN issuance address is transferring 3.01 million traps of cash to other chains through deBridge.
According to Deep Tide TechFlow news on September 25, on-chain analyst Ai Yi (@ai 9684xtpa) monitored that an address (0xf3d…58db2) maliciously inflated the issuance of $GAIN Token today, with an issuance volume of 5 billion pieces. This operation caused the coin price to flash crash by 95%, and the attacker subsequently profited approximately $3.01 million through dumping.
On-chain analysis shows that the attacker first obtained ETH through Tornado and exchanged it for BNB via Symbiosis cross-chain. They started dumping 22 minutes after the issuance operation, continuing for about 55 minutes. Currently, the profit funds are being transferred to multiple chains such as Solana, Ethereum, Base, and Arbitrum through deBridge.
Analysts pointed out that this incident may be due to a contract vulnerability, and the specific reason awaits the project's announcement.