BNB Chain: Former Employee Unauthorizedly Used Original Test Wallet to Deploy Meme Tokens, Legal Proceedings Initiated

TechFlow reports, on August 01, BNB Chain stated in a post on the X platform that the wallet address previously used to generate tokens for video tutorials was created by a former employee, who has now left the company.

BNB Chain stated that the former employee retained unauthorized access to the relevant mnemonic phrase after leaving and used it to generate new private keys. Officials learned that the same address was recently used independently to deploy a new Meme token.

BNB Chain emphasized that it did not create, authorize, promote, or participate in the issuance of the token, nor can it control the relevant token or wallet address. The token is not associated with BNB Chain and has not received official endorsement.

Officials stated that legal action has currently been taken against the former employee and they are cooperating with relevant departments to handle the matter.