1 hour ago
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Key Takeaways
- The organization denied creating, promoting or controlling the meme token linked to the address.
- The incident raises questions about how publicly associated wallets are retired when employees leave.
- Legal action against an individual would not automatically remove an already deployed token.
According to the organization, the employee kept the wallet’s seed phrase after leaving and later used it to regain control of the address.
BNB Chain became aware of the issue after the address was linked to the newly launched token. It denied creating, authorizing or promoting the asset and said it has no control over either the token or the wallet.
A wallet address was previously created by a former employee, which they then used to generate a token, as part of a video tutorial. That individual is no longer with the company as part of this incident.
The individual retained unauthorised access to the associated seed phrase…
— BNB Cha...
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