GAIB launches official buyback program in response to external institutions' early token sales

According to ChainCatcher, GAIB, a project focused on AI and robotics infrastructure economy, issued an official statement today regarding the incident of external institutions selling tokens in advance on the day of TGE, and announced the launch of the official GAIB buyback plan. In the statement, GAIB emphasized that the approximately five wallets identified by the community, each selling about 1 million GAIB, do not belong to the team, advisors, or any internal entities. All tokens belonging to the team and core contributors are currently fully locked, and the GAIB team has not sold any tokens.

After an internal investigation, it was found that these wallets belong to external market institutions from multiple regions. According to their cooperation agreements prior to TGE, the tokens they obtained were only to be used for post-launch community activity incentives and were explicitly prohibited from being sold in advance. However, some institutions violated the agreement and sold tokens without authorization on the day of TGE, constituting a serious breach of contract. GAIB has issued formal notices to the relevant institutions, requiring a full buyback of all GAIB tokens sold, provision of on-chain buyback proof, and full responsibility for the consequences of the breach.

However, the relevant institutions have not provided a clear response. GAIB will immediately launch the official buyback plan, with the team directly starting to repurchase the tokens that were sold in violation of the agreement on the market, ensuring that the interests of the community are not affected by any third-party actions. In the statement, GAIB said: "We will not let the community bear any consequences. The buyback plan is our commitment to responsibility and transparency." GAIB will announce the latest progress to the community as soon as further details on the buyback execution are obtained.