**[GAIB Launches Official Buyback Plan to Address Token Breach Sale Incident]**
The AI and robotics infrastructure economy project GAIB announced today the launch of an official buyback plan to address the breach of contract involving external institutions prematurely selling tokens on the day of the TGE. GAIB stated that approximately five wallets identified by the community, each selling around 1 million GAIB tokens, are not affiliated with the team, advisors, or internal entities. All tokens belonging to the team and core contributors are currently locked and have not been sold.
Internal investigations revealed that these wallets belong to external market institutions across multiple regions. According to pre-TGE cooperation agreements, the tokens obtained by these institutions were strictly limited to post-launch community activity incentives and explicitly prohibited from being sold prematurely. However, some institutions violated the agreement by selling tokens on the day of the TGE, constituting a serious breach of contract. GAIB has issued formal notices to the relevant institutions, demanding a full buyback of the sold tokens and the provision of on-chain buyback proof, while also holding them accountable for the breach. As no clear response has been received, GAIB has decided to directly initiate market buybacks to protect community interests.
GAIB stated that it will continue to update the execution details of the buyback plan and promptly inform the community of the latest developments.