#CZ Addresses #BNB Chain Tutorial Token Incident
Binance CEO Changpeng Zhao (CZ) commented on the recent situation surrounding the TST token, created as part of a BNB Chain educational video.
Key Highlights:
1. Unintended Market Activity:
A $BNB Chain team member created TST as a demo for a tutorial on launching meme tokens.
At 1:18 in the video, the token name was visible. This led to Chinese KOLs promoting and trading it, driving the token’s market cap to $494.56k.
2. Immediate Action Taken:
The team deleted the tutorial video, but its content had already circulated online.
The private key for the creator wallet (holding 0.13% of TST) was destroyed.
3. Clarification:
The token is not official and was created purely for demonstration purposes.
No Binance or BNB Chain team members hold any TST tokens.
CZ Message:
The incident stemmed from a misunderstanding, not a deliberate action or endorsement. As always, exercise caution when trading!
