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BNB 
TST Unauthorized use of wallet triggers legal action
BNB Chain confirms that the release of the Asteroid Shiba token was not authorized or supported by the company. A former employee retained unauthorized access to wallet mnemonics after leaving the team. BNB Chain has now taken legal action on this incident and cooperated with relevant departments. The market value of the token once reached millions of dollars and attracted thousands of holders in a short period of time.
Legal action after unauthorized use of wallet
BNB Chain confirmed that the company is taking legal action against a former employee accused of unauthorized issuance of tokens. The company said the person still retained access to a wallet mnemonic after leaving the company.
This authority was subsequently used to issue a meme token called Asteroid Shiba, and the entire process was not approved and had nothing to do with the company.
BNB Chain explained that the wallet address involved in this dispute was originally created for internal use. According to the company statement,"The wallet address was previously created by a former employee who used it to make video tutorials and generated a token." The token was only used for demonstration and teaching purposes at the time.
After leaving the company, the person still retained unauthorized access to relevant wallet mnemonics. BNB Chain pointed out: "The person retained unauthorized access to the relevant mnemonic after leaving the company and used it to generate a new private key." It was not until the new token became public that the company became aware of this persistent access vulnerability.
The company confirmed that they found the same wallet address used to issue Asteroid Shiba tokens. BNB Chain stated that the token was not created, authorized, promoted or supported by the company, in any form. The company further clarified that it "has no control over the token or the associated wallet address."
After discovering the matter, BNB Chain announced that it was formally filing legal proceedings against the former employee. "We are taking legal action against the former employee and are cooperating with relevant authorities on this incident," the company said. Currently, specific details on the scope of the lawsuit have not been disclosed.
Background Events and Market Impact
BNB Chain mentioned a similar incident that occurred in 2025 involving a test token called TST. The token briefly appeared in the company's tutorial video and then unexpectedly attracted the attention of traders. Although BNB Chain did not give any official endorsement, its value soared rapidly after its appearance.
Since the unauthorized release of the Asteroid Shiba token, its trend has been similar to the above events. As thousands of holders bought in, its market value quickly reached millions of dollars.
The rapid growth in speculative trading interest reflects behavioral patterns common in previous unofficial token incidents related to well-known platforms.
BNB Chain also emphasized that the token has no legal association with the company or its operations. The company directly responded to relevant speculation, stating: "These tokens have nothing to do with and have not been recognized by BNB Chain." Since the emergence of this token, this distinction has become the core content of the company's public information communication.
Community reactions were mixed after news of legal action and unauthorized token releases broke. Some traders view it as a speculative opportunity, although its origin is unclear. Others were cautious, pointing out that deployers had a previous history of suspicious token launches.
BNB Chain decided to take legal action, demonstrating its firm stance in responding to the unauthorized use of the company's associated wallet. The case may also prompt the company to re-examine its internal access control process after employees leave.
Traders are reminded to conduct their own independent research before participating in any token transaction that lacks the company's official endorsement.
