BNB Chain Pursues Legal Action Against Ex-Employee Over ASTEROID Memecoin

TLDR: BNB Chain alleges a former employee reused a tutorial wallet seed phrase to launch the ASTEROID token. Four wallets acquired 79.67% of ASTEROID’s supply before selling most tokens for approximately $638,000. Lookonchain estimated about $628,000 in trading profit, although ownership of the wallets remains unverified. The case shows how retained seed phrases can preserve [...]

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