Former BNB Chain employee deploys ASTEROID token, sells for $638K

Here’s a recipe for a crypto scandal: take one former employee with insider knowledge, add four brand-new wallets, sprinkle in a meme token nobody asked for, and cash out before anyone realizes what happened. That’s essentially what played out with $ASTEROID, a token deployed on BNB Chain that went from zero to nearly $10 million in market cap before cratering by more than 50% in just 20 minutes. The former BNB Chain employee behind the launch reportedly acquired 796.7 million $ASTEROID tokens, roughly 79.67% of the total supply, for approximately $10,000. They then sold 718.8 million of those tokens for 1,103 BNB, pocketing between $628,000 and $638,000 in profit. In English: they turned ten grand into over six hundred thousand dollars by creating a token, buying most of it themselves, and selling into the hype. The TST connection and the playbook What makes this particularly uncomfortable for BNB Chain is the trail of breadcrumbs. The wallet used to deploy $ASTEROID was linked to a 2025 BNB Chain tutorial video that featured a token called TST. That tutorial was meant to be an educational demonstration, a harmless walkthrough of how token creation works on the chain. Instead, it ...