The malicious GAIN minting address has dumped and withdrawn $3.01 million
According to Jinse Finance, on-chain analyst @ai_9684xtpa has monitored that address 0xf3d...58db2 maliciously minted 5 billion GAIN tokens two hours ago, causing the token price to crash by 95%, and then dumped and withdrew $3.01 million. The malicious minting & dumping address was created 11 hours ago. Tracing the source of funds upward, it is a new address that received ETH from Tornado 13 hours ago, then swapped to BNB via Symbiosis cross-chain. At 07:04 (UTC+8), 22 minutes after minting 5 billion tokens, the dumping began and lasted for 55 minutes, resulting in a profit of $3.01 million. The profits are now being bridged via deBridge to multiple networks such as Solana, Ethereum, Base, and Arbitrum. The operation does not appear to be conducted by the project team, and it is suspected that some minting vulnerability was exploited. The specifics are still awaiting an official announcement, and it is believed that Yi He will also intervene in the investigation.
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