By Isaac • August 2, 2026 5:54 pm •
A wallet created for a BNB Chain video tutorial has become the center of a very real legal fight.
The address was supposed to demonstrate how to launch a token. BNB Chain now says a former employee retained unauthorized access to its seed phrase, generated a new private key and used that access in connection with a memecoin called Asteroid Shiba, or ASTEROID.
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This was not an anonymous outsider finding a software bug. It was an old operational key, a former insider and a wallet whose public history gave the new token instant credibility it had not earned.
The Block reports that the address was originally used in February 2025 to create TST, a test token
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