ChainCatcher message, according to the official announcement, due to potential security issues involving the GFT smart contract, deposits for Gifto (GFT) have been suspended since November 29. If Binance deems GFT safe, deposits for GFT may be reopened, but no separate announcement will be made.Binance has decided to delist and cease trading for all spot trading pairs of Gifto (GFT) on December 3 at 08:00 (UTC).

ChainCatcher message, Gifto stated early this morning on platform X: "Attention to a serious security incident related to the GFT contract. The GFT token contract has been compromised, and more GFT tokens have been issued. We are investigating, and we do understand the seriousness of this matter and assure you that we are taking the necessary measures. We ask all exchanges listing GFT to halt trading of this token. We are working to resolve this issue."Previous news, after Binance announced it would delist Gifto (GFT) on December 10, the Gifto project team issued an additional 1.2 billion GFT and transferred them to multiple exchanges.

ChainCatcher news, on-chain detective ZachXBT posted on X that Binance previously announced it will delist GFT on December 10, 2024.A few hours ago, the Gifto team minted another 1.2 billion GFT on BSC, more than doubling the total supply. These GFT were subsequently deposited into Kucoin, MEXC, HTX, Bitget, Binance, OKX, and Gate.io.

ChainCatcher message, according to X platform user @BiliSquare monitoring, the Gifto project team has continuously increased the issuance over the past 7 hours, with a total of 1.2 billion GFT issued, which has been transferred to Binance, Bitget, and Kucoin exchanges.In addition, the market shows that the GFT price has dropped by 36.18% in the last 24 hours.

ChainCatcher news, according to RootData data, the Gifto token (GFT) has increased by 56.92% in the last 24 hours, currently priced at $0.051.Additionally, the Web3 asset data platform RootData shows that Gifto is a virtual gift protocol aimed at the open world, allowing anyone to create and share crypto gifts. Gifto is one of the first application tokens launched in 2017 on the Binance launchpad, and has since released many innovations, including the largest crypto wallet for mass market use, the highest active user blockchain game, and other consumer applications.

ChainCatcher news, Andy Tian, the CEO and co-founder of Asia Innovation Group (AIG), passed away on February 6 due to a sudden illness at the age of 47. It is reported that Andy Tian is also the founder of the Web3 virtual gift platform Gifto, which swapped its native token GTO for GFT in January this year. GFT officially started trading on the Binance platform today at 16:00. (Source link)

ChainCatcher news, the Web3 virtual gift platform Gifto has completed a $2.5 million financing round, which was invested by Poolz Ventures.It is reported that Gifto is a project supported by Binance Launchpad, aimed at establishing a protocol for gifting NFTs in the form of electronic greeting cards, PFPs, generative art, or red envelopes to friends and family. (Source link)