星球日报|Nov 20, 2025 14:06
[Nillion: Will Buy Back Unauthorized NIL Token Sales by a Market Maker and Pursue Legal Action]
Odaily Planet Daily News – Nillion has disclosed that the project encountered an incident yesterday where a market maker sold NIL tokens without legal authorization from the Nillion Association. The market maker refused to respond to any communication from the team during and for several hours after the flash crash sale. The Nillion Association has begun using treasury funds to buy back the sold tokens and has pledged to use all unauthorized sale proceeds recovered from the market maker to purchase more NIL tokens. The association stated that it is fully pursuing the matter within the legal framework and is working overnight with exchange partners to ensure that all accounts and wallets related to this incident are now frozen.
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