ChainCatcher report, 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 ($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), realizing a profit of $628,000. ChainCatcher previously reported that BNB Chain officially stated that a former employee unauthorizedly used an official test wallet to issue a new meme token (ASTEROID), and legal action has been taken.
Former BNB Chain Employee Sells ASTEROID Holdings for $628,000 Profit
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Summary
A former BNB Chain employee launched the new token ASTEROID and used four wallets to purchase 796.7 million tokens (79.67% of the total supply) for $10,000. The employee later sold 718.8 million ASTEROID tokens for 1,103 BNB, worth approximately $638,000, securing a $628,000 profit. BNB Chain confirmed that the token was deployed using an unauthorized official test wallet and has initiated legal action. The incident underscores the latest on-chain developments and raises concerns regarding new token listings.
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