ME News reports that on August 1 (UTC+8), BNB Chain posted on X stating that a previously used wallet address was created by a former employee and utilized in video tutorials for token generation; the individual is no longer employed by the company due to this incident. After leaving, the former employee retained unauthorized access to the associated mnemonic phrase and used it to generate new private keys. BNB Chain has learned that the same address is now being independently used to create a new meme token. BNB Chain did not create, authorize, promote, or participate in the creation of this token, nor does it have control over the token or the wallet address—both are unrelated to and unrecognized by BNB Chain. BNB Chain is taking legal action against the former employee and is cooperating with relevant authorities regarding this matter. (Source: ODAILY)
BNB Chain Clarifies No Involvement in TST Meme Token Deployment by Former Employee
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Summary
BNB Chain confirmed on August 1 (UTC+8) that a former employee used a wallet address to deploy a token in a video tutorial. The individual, who is no longer with the company, retained unauthorized access to the mnemonic phrase and generated new private keys. On-chain data shows the same address is now associated with a new meme token. BNB Chain denied any involvement in the creation, promotion, or control of the token. The company is pursuing legal action and cooperating with authorities. On-chain analysis reveals no official activity from BNB Chain related to the token.
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