BNB Chain is taking legal action against a former employee accused of reusing a tutorial wallet's seed phrase to create and launch the ASTEROID Memecoin. The employee allegedly retained unauthorized access to the wallet after leaving the company and used it to generate the token, which saw four wallets acquire nearly 80% of its supply before selling most tokens for around $638,000 in profit. BNB Chain denies any involvement with the token and is cooperating with authorities, but the ownership of the wallets remains unverified. This case highlights the risks of retaining seed phrases after employee departures and the importance of securing wallet access.
A suspected third wave of bitcoin theft linked to a Coldcard firmware vulnerability has resulted in about 1,367 BTC stolen, worth roughly $88.6 million. The theft occurred in three waves between July 30 and August 1, with the latest wave using comple...
A former BNB Chain employee launched a meme token called $ASTEROID, buying nearly 80% of its supply for about $10,000 using four new wallets. The token's market cap surged to nearly $10 million before crashing over 50% in 20 minutes. The employee sol...
BNB Chain is taking legal action against a former employee who retained unauthorized access to a company wallet's seed phrase and used it to launch the Asteroid Shiba token without approval. The token, which quickly gained millions in market cap and ...
BNB Chain is suing a former employee who kept the seed phrase of a wallet created for a training video and used it to launch a meme token without company approval. The token was originally a demo and never meant for trading. BNB Chain denies any conn...
An analyst estimates that Binance has experienced net stablecoin outflows of about $7 billion so far in 2026, meaning more stablecoins were withdrawn than deposited on the exchange. This figure is not officially confirmed by Binance but highlights si...
