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BNB Chain takes legal action against ex-employee over tutorial wallet misuse

BNB Chain has begun legal action against a former employee accused of using a wallet created for company tutorials to launch a new meme coin, Asteroid Shiba (ASTEROID), and pocket profits, The Block reported. BNB Chain said the person retained unauthorised access to the seed phrase for a tutorial wallet and is no longer with the company. Binance founder Changpeng Zhao warned users to stay safe. BNB Chain did not specify jurisdictions.