Published Aug 1, 2026, 3:09 PM ET · Updated 3 months ago · 2 sources
THE BLOCK: BNB Chain is "pursuing legal action" against a former employee who allegedly retained the seed phrase for a tutorial wallet and used it to launch the ASTEROID memecoin. Lookonchain said four wallets linked to the employee bought nearly 80% of ASTEROID's supply for $10,000 before selling most of the tokens for about $638,000.
TheBlockCo
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Original Report
THE BLOCK: BNB Chain is "pursuing legal action" against a former employee who allegedly retained the seed phrase for a tutorial wallet and used it to launch the ASTEROID memecoin. Lookonchain said four wallets linked to the employee bought nearly 80% of ASTEROID's supply for $10,000 before selling most of the tokens for about $638,000.