BNB Chain says ex-employee kept seed phrase, reused wallet address to launch new meme token
BNB Chain said a former employee created a wallet address internally for a video tutorial and later used it to generate a token. After leaving the company, the individual allegedly retained unauthorized access to the address’s seed phrase and used it to generate a new private key and issue a meme token independently. BNB Chain said it did not create, authorize, promote, or participate in the token’s creation and has no control over the token or the wallet address. The company said it is pursuing legal action and is cooperating with relevant authorities.