GAIB launches buyback program after partner sell-off

GAIB, a crypto AI startup focused on GPU tokenization, has announced the immediate launch of a buyback program in response to an early sell-off by external organizations on its Token Generation Event day. GAIB CEO Kony addressed rumors surrounding five wallets that sold approximately one million tokens, clarifying that they did not belong to insiders such as team members, contributors, or advisors. He stated that the company's partners and marketing agencies had violated their contracts by selling their allocated tokens ahead of schedule. According to Kony, GAIB demanded the return of all tokens, on-chain proof, and damages from the responsible parties but did not receive a positive response. The buyback program was initiated to absorb this supply. Kony assured that the community would not suffer any losses and added that more specific information, including a full proof of funds and a transparency page, will be released on Nov. 21.