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 sold most of their holdings for roughly $638,000, profiting massively from the hype. BNB Chain has distanced itself, stating no affiliation with $ASTEROID and has taken legal action against the individual. This incident highlights risks of wallet concentration and raises questions about regulating former employees in crypto projects.
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that Binance has experienced net stablecoin outflows of about $7 billion so far in 2026, meaning more stablecoins were withdrawn than deposited on the exchange.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...
Binance's co-founder addressed recent confusion about the deployment of the TST token, clarifying the exchange's official token listing process. The explanation focused on procedural details rather than unverified market rumors, emphasizing that the ...
A former BNB Chain employee used a seed phrase from a tutorial video to launch an unauthorized meme token on BNB Chain's network. The company clarified it had no involvement with the token and plans to take legal action against the ex-employee. This ...
