$BNB Chain has acknowledged that it has no connection to the memecoin referred to as ASTEROID, which was created by a former worker. The corporate stated that the person created a brand new personal key utilizing a seed phrase that that they had unauthorized entry to and issued tokens from the identical pockets handle.
The story goes again to the beforehand launched TST token. Based on $BNB Chain, the previous worker, whereas working on the firm, created a brand new pockets handle utilizing the official take a look at pockets to arrange a video tutorial, and launched the TST token by way of this handle.
It was acknowledged that the worker, who continued to have unauthorized entry to the related seed phrase after leaving the corporate, used this info to create a brand new personal key. The identical handle was discovered to have been used on August 1st on $BNB Chain to distribute a brand new meme coin referred to as ASTEROID.
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It was reported that the market worth of the ASTEROID token briefly rose to $10 million throughout the first 4 hours of its launch.
$BNB Chain has clarified that the altcoin ASTEROID was not created, licensed, or promoted by the corporate. The corporate additionally acknowledged that they don’t management the token or its related pockets handle, and that the challenge isn’t supported by $BNB Chain.
The assertion learn, “$BNB Chain didn’t take part within the creation of this token, nor did it authorize or endorse it. We’ve got no management over the token or pockets handle.”
$BNB Chain introduced that it has initiated authorized proceedings in opposition to the previous worker and is cooperating with related public authorities relating to the matter.
*This isn’t funding recommendation.
