BNB
BNB Chain Pursues Legal Action Over Unauthorized Meme Token Launch
BNB Chain is taking legal steps against a former employee who launched the Asteroid Shiba token using retained unauthorized wallet access.
BNB Chain has confirmed that the Asteroid Shiba token was released without company authorization or support. A former employee retained unauthorized access to a seed phrase after departing the organization, enabling the unauthorized launch. The token's market capitalization climbed to millions as thousands of holders joined the project.
BNB Chain is pursuing legal action and cooperating with authorities regarding the incident.
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