A wallet address was previously created by a former employee, which they then used to generate a token, as part of a video tutorial. That individual is no longer with the company as part of this incident.
The individual retained unauthorised access to the associated seed phrase after their departure and used it to generate a new private key.
We are now aware that the same address is being used independently in connection with a new meme token. BNB Chain did not create, authorise, promote or participate in the creation of this token and has no control over the token or wallet address. These are not affiliated with or endorsed by BNB Chain.
We are pursuing legal action against the former employee and cooperating with relevant authorities on this matter.
Thanks for digging this up👇. Thought it was made clear.
I had no communication with the Giggle Team about the recent selling (of donated tokens), but @GiggleAcademy do have a rule-of-thumb to convert/sell most donated tokens to BNB near the end of each month. I don’t manage the address personally.
If you send or donate token to someone’s address, without any prior agreement or contract in place, don’t expect the receiving party to act according to your wishes, such as a burn. That just creates more work for the receiving party, which they have not agreed to do.
If you wish someone to interact by sending them coins, then be ready for that interaction to be a sell.
If you called it a donation, then expect them to use it. You should be ashamed to then say you expected them to burn it. How is that a donation then?
If you donate to @GiggleAcademy, they will sell, and use the proceeds to fund free education for kids all around the world, reaching more than a million kids in less than 2 years.
I support all meme coins. I might even buy (or sell) one or two in the next few weeks to test a few new things. May the best memes win! 🙏
BREAKING: 🇺🇸 SEC Chair Paul Atkins just urged the US Senate to pass the CLARITY Act.
Yesterday, Atkins said he is "optimistic" that Congress will pass it.
ITS TIME!