#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!


  four.meme/token/0x86bb94ddd16e...


#CZ

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February 07, 2025 at 3:35 AM
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