👉 Binance announced the delisting of 5 cryptocurrencies on Tuesday (26), including Gifto (GFT), which fell 35% after the news. A day later, on Wednesday (27), 1.2 billion new GFT tokens were created on the blockchain, more than doubling the number of coins in circulation.

According to investigator ZachXBT, these new coins were quickly deposited into several exchanges, including Kucoin, Mexc, HTX, Bitget, OKX, Gate and Binance itself.

On social media, the project team stated that their smart contract was compromised, denying any involvement in the situation.