BNB Chain Sues Ex-Employee Over Unauthorized Meme Token

BNB Chain has accused a former employee of using company-related information to create an unauthorized meme token. The incident occurred after the ex-employee retained control of a tutorial wallet and used it to generate the new asset.

The organization claims that the employee kept the wallet's seed phrase after leaving the company and later regained access to the address, using it to deploy the token.

BNB Chain has stated that it did not create or authorize the meme token and has no control over either the token or the wallet. The incident raises questions about how publicly associated wallets are retired when employees leave an organization.