TechFlow News: On June 9, on-chain analyst EmberCN (@EmberCN) stated that the project team claimed a private key leak among foundation members led to the unauthorized minting and subsequent sale of token H. However, the transactions associated with the relevant addresses are difficult to explain solely by a private key leak.
He pointed out that, in addition to the 100 million H tokens minted one hour ago, over 200 million H tokens sold several hours earlier were aggregated and sold from nearly 300 wallets—wallets that either had tokens unlocked two weeks ago or had received tokens 11 months ago. Moreover, all these wallets withdrew gas from Gate and Bybit three weeks ago.
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