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BNB Chain Sues Ex-Employee Over ASTEROID Memecoin Allegations

Guavy AI Editorial Team
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BNB MEME
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BNB Chain is taking legal action against a former employee accused of using retained wallet credentials to launch the ASTEROID Memecoin.

The network claims that the individual, who is no longer with the company, kept unauthorized access to the associated seed phrase after leaving.

The former employee allegedly generated new access credentials and reused the address to create Asteroid Shiba, known as ASTEROID. BNB Chain denies any affiliation with the wallet activity surrounding the token.

According to on-chain analysis, four newly created wallets spent about $10,000 to acquire 796.7 million ASTEROID tokens, representing 79.67% of the token's total supply.

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