Huo Xing Cai Jing reports that on August 1, according to Lookonchain monitoring, a former BNB Chain employee deployed a new token, ASTEROID, and used four newly created wallets to purchase 796.7 million ASTEROID tokens for $10,000, accounting for 79.67% of the total supply. The employee has since sold 718.8 million ASTEROID tokens, receiving 1,103 BNB (approximately $638,000), resulting in a profit of $628,000. Previously, BNB Chain officially stated that a former employee had unauthorizedly used the official test wallet to issue a new meme token (ASTEROID), and legal action has been taken.
A former BNB Chain employee sold ASTEROID tokens for a profit of $628,000.
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Summary
On-chain data reveals that a former BNB Chain employee launched the ASTEROID token on August 1, using four wallets to purchase 796.7 million tokens for $10,000. The employee later sold 718.8 million ASTEROID tokens for 1,103 BNB, realizing a $628,000 profit. The incident followed the employee’s misuse of an unauthorized test wallet to deploy the new token. BNB Chain has initiated legal action. The ASTEROID token appears to be among the most recent new token listings on the network.
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