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BNB Chain seeks legal action over memecoin linked to tutorial wallet

The dispute centers on ASTEROID, where a former employee acquired nearly 80% of the token supply for about $10,000 before selling most for roughly $638,000.

Reported · Written up by our desk · Market Structure

BNB Chain is reportedly pursuing legal action against a former employee over a memecoin launched from a tutorial wallet tied to the platform, according to The Block.

The Block, citing Lookonchain, said the former employee bought nearly 80% of the ASTEROID token supply for about $10,000 before later selling most of the tokens for around $638,000.

The case highlights how memecoin launches from wallet-linked tutorials can raise concerns about control, ownership, and potential misconduct, particularly when large portions of supply are concentrated early.

Latest closeBNB $575.20 ▼1.9%

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