BNB Chain pursues legal action against former employee over memecoin launched from tutorial wallet

BNB Chain is pursuing legal action against a former employee who allegedly launched a memecoin, ASTEROID, using a wallet from a company tutorial video. The employee is accused of misusing company resources for personal gain. According to Lookonchain, the individual bought nearly 80% of the token's supply for $10,000 and later sold the majority for approximately $638,000.

Former employee lawsuit

• ▪BNB Chain is pursuing legal action against a former employee
• ▪The employee allegedly used a wallet from a training or tutorial video to launch a meme token

ASTEROID memecoin launch

• ▪According to Lookonchain, the former employee bought nearly 80% of the ASTEROID token's supply for $10,000
• ▪The former employee later sold most of the ASTEROID tokens for approximately $638,000
• ▪The memecoin launched by the former employee was named ASTEROID