🚨 In-Depth Analysis of the TST Crash and Exit Scam: Who is Harvesting Retail Investors?
📌 Timeline of Events
February 2025:
TST is launched as a test token on the BNB Chain, and community speculation heats up. CZ clearly states: this token is not officially promoted, and the private key has been deleted (key point!).
August 7, 2025:
The operator violently crashes the price, plummeting over 70% in 15 minutes, leaving retail investors with nothing. Public opinion explodes, directing accusations at CZ and Binance, questioning the “scam.”
August 11, 2025 (latest):
On-chain tracking shows that the TST creation address has liquidated (cashed out $30,000). Key contradiction: CZ claimed the private key was deleted, but it can still be manipulated for selling!
🔍 Analysis of Potential Behind-the-Scenes Manipulation
1️⃣ CZ and Binance colluding to harvest?
Very low probability: Binance's reputation is more important than short-term gains, and CZ has repeatedly publicly distanced himself from the matter.
2️⃣ Internal fraud within the team?
Most likely: The project team falsely reported the destruction of the private key while secretly retaining control. Using the endorsement of the BNB Chain for speculation, ultimately maliciously crashing the price to cash out.
3️⃣ Malicious manipulation by third parties?
Not excluding the possibility of hackers or internal personnel stealing the private key, but further evidence is needed.
💥 Impact and Warnings of the Incident
Impact on Binance:
The BSC ecosystem has already been questioned due to the “meme coin” controversy, and this incident adds fuel to the fire. If confirmed as team fraud, Binance must conduct a thorough investigation and publicly hold responsible parties accountable, or else its reputation will suffer.
Lessons for Retail Investors:
Do not easily trust the speculation around “test tokens,” even with an exchange background endorsement. Be wary of **vague promises like “private key destruction”**, as on-chain data is the only solid proof.
🚀 How should Binance respond?
Immediately launch an investigation: reveal the identity of the TST team and the private key management process. Compensate victims: if there is mismanagement, partial compensation is needed to regain trust. Strengthen auditing mechanisms: future test tokens must be strictly regulated to avoid similar incidents.
#TSTExitScam #Binance #BSC #CryptocurrencyScam
⚠️ Forward Reminder: In the absence of regulation, self-protection comes first!