CZ Calls TST Developer a Scammer, BNB Chain Denies Involvement

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CZ took to X to share on-chain data highlighting the TST token, calling its developer a scammer and urging users to stay SAFU. BNB Chain clarified that the TST address was created by a former employee who used it in a video tutorial. The employee left the company but retained unauthorized access and generated new private keys. BNB Chain confirmed the same address is now being used for a new meme token, which it did not create, authorize, or promote. The company is pursuing legal action and cooperating with authorities. On-chain analysis shows no involvement from BNB Chain in the token’s recent activity.

Odaily Planet Daily report: CZ shared content from BNB Chain on X and called this guy basically a scammer. Stay SAFU!

Previously, BNB Chain stated that the TST address was created by a former employee and used in a video tutorial to generate tokens; this individual is no longer with 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 for a new meme token. BNB Chain did not create, authorize, promote, or participate in the creation of this token and has no control over the token or the wallet address, which are unrelated to and not endorsed by BNB Chain. BNB Chain is taking legal action against the former employee and is cooperating with relevant authorities regarding this matter.

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