GAIN Project Faces Major Security Breach Due to Configuration Error

According to PANews, the GAIN project has suffered a significant security breach due to a LayerZero Peer configuration error. Analysis by GoPlus reveals that attackers exploited this vulnerability by initializing an additional Peer on the Ethereum blockchain and minting TTTTT tokens. This allowed them to bypass cross-chain verification and excessively issue 5 billion GAIN tokens on the Binance Smart Chain. The incident bears similarities to the previous Yala attack, resulting in a dramatic price drop of over 90% for GAIN. Users are advised to temporarily cease interactions with the project to prevent potential losses.