Changpeng Zhao, widely known as CZ, reposted a BNB Chain statement on X and said the developer tied to the TST matter was "basically a scammer," adding a warning to "Stay SAFU." The remark came after BNB Chain said the TST address had been created by a former employee and used in a video tutorial to generate a token. According to the company, that person is no longer employed by BNB Chain because of the incident.
BNB Chain said the former employee retained unauthorized access to the relevant mnemonic phrase after leaving the company and used it to generate a new private key. The company later learned that the same address was being used independently for a new meme token. BNB Chain said it did not create, authorize, promote, or participate in creating that token, and added that it has no control over the token or the wallet address involved. It also said neither the token nor the wallet address is affiliated with or endorsed by BNB Chain. The company said it is taking legal action against the former employee and is cooperating with the relevant authorities.
According to Odaily, CZ reposted a BNB Chain statement on X and said, "This guy is basically a scammer. Stay SAFU!"
Earlier, BNB Chain said the TST address was created by a former employee and was used in a video tutorial to generate a token. The company said that person is no longer employed by BNB Chain because of the incident.
BNB Chain also said the former employee retained unauthorized access to the related mnemonic phrase after leaving the company and used it to generate a new private key. It later learned that the same address was being used independently for a new meme token.
BNB Chain said it did not create, authorize, promote, or participate in creating the token, and that it cannot control the token or the wallet address. The company added that neither the token nor the wallet address is affiliated with BNB Chain or endorsed by it.
BNB Chain said it is taking legal action against the former employee and is cooperating with the relevant authorities over the matter.
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.
