GAIB Initiates Official Buyback Plan in Response to External Token Dump Incident

On November 20th, the GAIB, which is the AI and Robotics Infrastructure Economic Layer project, issued an official statement today regarding the external institutional early token sale incident that took place on the TGE day and announced the launch of the GAIB Official Buyback Plan. In the statement, GAIB emphasized that the approximately 5 wallets identified by the community, each selling about 1 million GAIB tokens, are not in the possession of the team, advisors, or any internal entity. All team and core contributor tokens are currently locked, and the GAIB team has not sold any tokens. After conducting an internal investigation, it was found that these wallets belonged to various external market institutions. According to their pre-TGE cooperation agreement, the tokens they received were only intended for post-listing community event incentives and were clearly prohibited from early sale. However, some institutions violated the agreement by selling the tokens on the TGE day, constituting a serious breach of contract. GAIB has issued a formal notice to the relevant institutions, demanding that they fully buy back all the sold GAIB tokens, provide on-chain buyback proof, and bear all the consequences of the breach. However, the relevant institutions have not provided a clear response. Therefore, GAIB will immediately launch the official buyback plan. The team will directly repurchase the tokens sold in violation on the market to ensure that the community's interests are not affected by any third-party actions. GAIB stated in the declaration: "We will not allow the community to bear any consequences. The buyback plan is our commitment to responsibility and transparency." GAIB will announce the latest developments to the community as soon as the details of the further buyback execution are obtained.