BNB Chain Takes Legal Action Against Former Employee for Unauthorized Deployment of Meme Token

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BNB Chain confirmed on August 1 that a former employee used unauthorized access to a test wallet to create video tutorials and deployed a new token after leaving the company. The platform emphasized it had no involvement in the listing of the new token and has initiated legal action. The incident has surfaced in on-chain news as the unauthorized token attracted attention. BNB Chain reiterated that it does not support or endorse the creation of the token. The former employee is now facing formal legal proceedings.

ChainThink reports that on August 1, BNB Chain stated on X that the wallet address previously used to generate tokens for video tutorials was created by a former employee who has since left the company.

BNB Chain stated that the former employee retained unauthorized access to the relevant mnemonic phrase after leaving and used it to generate new private keys; the official team learned that the same address was recently used independently to deploy a new meme token.

BNB Chain emphasizes that it did not create, authorize, promote, or participate in the issuance of this token, and has no control over the related token or wallet addresses. This token is unaffiliated with BNB Chain and is not officially endorsed.

BNB Chain has taken legal action against the former employee and is cooperating with relevant authorities.

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