BNB Chain announced it is pursuing legal action against a former employee who allegedly bought nearly 80% of ASTEROID token supply for $10,000 using a tutorial wallet, then sold most tokens for approximately $638,000.
BNB Chain announced it is taking legal action against a former employee who allegedly used a wallet seed phrase from an old tutorial video to independently launch the ASTEROID meme token without authorization. The company disavowed any connection to the token, which saw four wallets acquire nearly 80% of its supply before selling.
Researchers at Stanford University and Singapore Management University found that Polymarket's five-minute Bitcoin prediction markets create incentives for traders to manipulate spot prices around settlement times, with evidence suggesting coordinated price manipulation.
RaveDAO's RAVE token crashed from $27.33 to $1.15 on April 19, wiping out over $5 billion in market cap after surging 4,500%. Binance and Bitget opened investigations into suspected pump-and-dump activity, while blockchain investigator ZachXBT offered a $25,000 whistleblower bounty.
Web3 investigator ZachXBT flagged RAVE token as a potential pump-and-dump scheme after it surged over 4,500% with nearly 90% of supply concentrated in three wallets. Binance and Bitget have committed to investigating the token's suspicious price movement.
Hunter Biden launched a cryptocurrency memecoin called $LAPTOP referencing his laptop controversy, but the token crashed shortly after debut. Blockchain analysts traced $2.08 million in token sales to a Wintermute-linked wallet that received 2.5 million tokens from the team allocation, while Biden blamed "predatory snipers" for the collapse.
The Ethereum Foundation faced sustained community criticism throughout 2024 and into early 2025 for regularly selling ETH to cover its approximately $100 million in annual operating expenses, averaging a sale every 11 days in 2024. Each transaction sparked accusations of market manipulation and misalignment with Ethereum's values, fueling broader calls for governance reform and serving as a key catalyst for the leadership crisis that followed.
