Someone found a live seed phrase in a demo tutorial wallet that should've been wiped ages ago. A former employee grabbed it, launched a memecoin, and dumped everything for 1,103 $BNB — roughly $638,000.
This is the classic security nightmare: forgotten credentials that never got rotated. The weakest link isn't the tech, it's the human cleanup process. Old wallets, demo accounts, test environments — they sit there like loaded guns.
The legal side is messy now. Supply breakdown and potential action details are trickling out, but the damage is done. The money moved fast.
Lesson: If you're building anything in crypto, treat every wallet like it's live. Rotate everything. Assume someone will find what you forgot.
This is the classic security nightmare: forgotten credentials that never got rotated. The weakest link isn't the tech, it's the human cleanup process. Old wallets, demo accounts, test environments — they sit there like loaded guns.
The legal side is messy now. Supply breakdown and potential action details are trickling out, but the damage is done. The money moved fast.
Lesson: If you're building anything in crypto, treat every wallet like it's live. Rotate everything. Assume someone will find what you forgot.