BNB Chain (BNB) said it is pursuing legal action against a former employee who allegedly used a wallet created for a company tutorial to launch and profit from a new memecoin called Asteroid Shiba (ASTEROID).
In a 6:10 a.m.
ET post on X Saturday, BNB Chain said the employee "retained unauthorised access" to the seed phrase for a wallet created for a video tutorial.
BNB Chain said the individual "is no longer with the company as part of this incident," and the Binance-associated blockchain firm is now "pursuing legal action against the former employee and cooperating with relevant authorities on this matter." Binance founder and former CEO Changpeng "CZ" Zhao reposted BNB Chain's statement, calling the former employee "basically a scammer" and telling users to "Stay SAFU." The wallet in question was originally used to launch TST, a test token that was featured in a BNB Chain video tutorial in February 2025.
TST subsequently attracted speculative trading after the tutorial briefly exposed the token's name and Zhao posted about it, sending its market capitalization above $50 million despite several official statements that neither Binance nor BNB Chain had endorsed it.
