BNB Chain said a former employee allegedly used a company tutorial wallet to create a memecoin that the company says it did not authorize or endorse. BNB Chain, the blockchain ecosystem behind the BNB cryptocurrency, said it is pursuing legal action after a former employee allegedly used unauthorized access to a wallet to launch a memecoin. In an X post on Saturday, BNB Chain said the wallet was originally created for a video tutorial explaining how to launch tokens on BNB Chain. It said the former employee retained unauthorized access to the wallet’s seed phrase after leaving the company and later used the address to create a new token. Blockchain analytics platform Lookonchain subsequently alleged that the former employee deployed a meme token called Asteroid Shiba (ASTEROID) and used four newly created wallets to buy 796.7 million tokens, representing 79.67% of the total supply. Lookonchain further alleged that the wallets later sold 718.8 million tokens for 1,103 BNB, worth about $638,000 at the time of t...
Trump Media transferred another 2,628 Bitcoin to Crypto.com, bringing its reported sales over seven months to 7,281 BTC and leaving the company with 4,261 BTC in holdings. Trump Media & Technology Group, the company behind Truth Social, has made another major move involving its Bitcoin holdings, extending a series of recent sales. The company sold 2,628 Bitcoin (BTC) worth about $165 million through transfers to Crypto.com, blockchain analytics platform Lookonchain said in a Sunday X post, citing data from Arkham. Lookonchain said Trump Media bought 11,542 BTC at an average price of $118,522 before beginning to sell portions of its holdings seven months ago. Read more
Bitcoin users moved 39,600 BTC in small transactions as the Coldcard hack continued, with researchers warning that the attack remained active. Smaller Bitcoin transfers have reached levels not seen since the collapse of cryptocurrency exchange FTX amid an ongoing suspected Coldcard hack. Bitcoin transfers below 1 BTC climbed to their highest daily level since November 2022 on Friday, with 39,600 BTC moved, according to data shared by CryptoQuant head of research Julio Moreno on Saturday. The figure was just 300 BTC below the 39,900 BTC transferred on Nov. 16, 2022, days after FTX filed for bankruptcy. “The Bitcoin plebs had not moved this amount of BTC in a day since the FTX collapse,” Moreno said, adding that he was encouraged to see users “taking action.” Read more