Regarding $BADAI
Based on community reports and an investigation conducted with AvengerDAO’s partner @HashDit, the token’s transfer function interacts with multiple unverified contracts, which poses risks to users.
We previously retweeted a post about this TGE event as we often do for projects in our ecosystem. BNB Chain or any of our affiliated entities do not have any commercial or investment relationships with BADAI. We sincerely apologize to any users affected by this incident.
Our current understanding is that GraFun (a meme coin launch platform) implemented an anti-sniping mechanism that was intended to protect users from snipers, but instead may have mistakenly blocked some normal users’ ability to sell. GraFun has acknowledged the issue and is working on a statement to provide further clarity.
We are working with multiple parties to try to understand the impact of this issue, including the number and list of people impacted, if anyone (especially project teams or platforms involved) profited from this incident unfairly, or in the worst case, if any of this was caused by malicious intent.
We will continue to investigate and share relevant updates.
We strongly encourage users to conduct their own research (DYOR) before interacting with any smart contract. Tools like @HashDit Snap and DappBay’s Red Alarm can help identify potential risks.
From X
Disclaimer: The above content reflects only the author's opinion and does not represent any stance of CoinNX, nor does it constitute any investment advice related to CoinNX.