BNB Chain said a wallet address previously created by a former employee was used to issue the meme token TST as part of a video tutorial. The company said that employee is no longer with the firm following the incident. According to BNB Chain, the former staffer retained unauthorized access to the related seed phrase after leaving and used it to generate new private keys. BNB Chain also said it has learned that the same address is now being used independently in activity tied to another meme token on BNB Chain, ASTEROID. The network said it did not create, authorize, promote, or participate in the launch of that token and has no control over either the token or the wallet address. BNB Chain added that the matter is unrelated to the organization and has not been endorsed by it. The company said it is taking legal action against the former employee and is cooperating with relevant government authorities over the case.
BNB Chain said a wallet address previously created by a former employee was used to issue the meme token TST as part of a video tutorial.
The company said the employee is no longer with the firm as a result of the incident. BNB Chain added that after leaving the company, the former employee still retained unauthorized access to the related seed phrase and used it to generate new private keys.
BNB Chain said it has also become aware that the same address is being used independently in activity related to a new meme token on BNB Chain, ASTEROID. The company said it did not create, authorize, promote, or participate in the token’s issuance, and that it has no control over either the token or the wallet address.
BNB Chain said the matter is unrelated to the organization and has not been approved by it. The company added that it is taking legal action against the former employee and is cooperating with relevant government authorities.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
