BNB Chain has initiated legal action against a former employee who allegedly used a company tutorial wallet to create and sell a memecoin called ASTEROID. The employee bought nearly 80% of the token's supply for $10,000 before selling most of it for approximately $638,000.
Source
"BNB Chain Targets Former Employee Over Memecoin Scheme" — The Block
This article is Bitcoincryptos' summary and analysis of reporting originally published by The Block. Read the full original report at the link above.
The incident highlights potential vulnerabilities in the way companies manage their development wallets and access controls.
BNB · 7D · $582.81+1.8%