BNB Chain Statement
a former BNB Chain employee created a wallet for a video tutorial, kept unauthorized access to the seed phrase after leaving, and later used it to launch a new meme token.
BNB chain has confirmed:
they did not create, authorize, promote, or control this token
the wallet and token are not affiliated with or endorsed by BNB chain
legal action is being taken against the former employee
always DYOR and stick to official channels.
coldcard owners who generated seeds after March 2021 without heavy dice rolls or a strong passphrase need to move funds immediately.
a five-year-old firmware bug collapsed the entropy on those seeds.
attackers are brute-forcing them offline and sweeping single-sig wallets no device access required.
over $88M already gone across multiple waves and it’s still ongoing.
firmware update alone doesn’t save old seeds.
generate a fresh one on the patched version and migrate.
self-custody only works when the randomness actually is random.
stay safe out there friends!