PANews reported on November 20th that Nillion, a blind computer network, posted on its X platform: "It has been confirmed that a market maker sold NIL tokens without legal authorization from the Nillion Association. Subsequently, during the flash crash and for several hours afterward, the market maker refused to respond to any communication from the team. Nillion is taking immediate action, and the Nillion Association has begun using its reserves to repurchase the sold tokens. Nillion also promises to use all funds recovered from the unauthorized sale of tokens by the market maker to repurchase more NIL tokens. Nillion stated that it is actively pursuing legal action and is cooperating with its exchange partners to ensure that all accounts and wallets related to this incident have been frozen." Earlier today, it was reported that Nillion tokens had fallen by more than 60% at one point.PANews reported on November 20th that Nillion, a blind computer network, posted on its X platform: "It has been confirmed that a market maker sold NIL tokens without legal authorization from the Nillion Association. Subsequently, during the flash crash and for several hours afterward, the market maker refused to respond to any communication from the team. Nillion is taking immediate action, and the Nillion Association has begun using its reserves to repurchase the sold tokens. Nillion also promises to use all funds recovered from the unauthorized sale of tokens by the market maker to repurchase more NIL tokens. Nillion stated that it is actively pursuing legal action and is cooperating with its exchange partners to ensure that all accounts and wallets related to this incident have been frozen." Earlier today, it was reported that Nillion tokens had fallen by more than 60% at one point.
Nillion: A market maker sold NIL tokens without authorization. We are taking countermeasures and pursuing legal action.
PANews reported on November 20th that Nillion, a blind computer network, posted on its X platform: "It has been confirmed that a market maker sold NIL tokens without legal authorization from the Nillion Association. Subsequently, during the flash crash and for several hours afterward, the market maker refused to respond to any communication from the team. Nillion is taking immediate action, and the Nillion Association has begun using its reserves to repurchase the sold tokens. Nillion also promises to use all funds recovered from the unauthorized sale of tokens by the market maker to repurchase more NIL tokens. Nillion stated that it is actively pursuing legal action and is cooperating with its exchange partners to ensure that all accounts and wallets related to this incident have been frozen."
Earlier today, it was reported that Nillion tokens had fallen by more than 60% at one point.
Market Opportunity
Nil Token Price(NIL)
$0.05622
$0.05622$0.05622
USD
Nil Token (NIL) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Fed Decides On Interest Rates Today—Here’s What To Watch For
The post Fed Decides On Interest Rates Today—Here’s What To Watch For appeared on BitcoinEthereumNews.com. Topline The Federal Reserve on Wednesday will conclude a two-day policymaking meeting and release a decision on whether to lower interest rates—following months of pressure and criticism from President Donald Trump—and potentially signal whether additional cuts are on the way. President Donald Trump has urged the central bank to “CUT INTEREST RATES, NOW, AND BIGGER” than they might plan to. Getty Images Key Facts The central bank is poised to cut interest rates by at least a quarter-point, down from the 4.25% to 4.5% range where they have been held since December to between 4% and 4.25%, as Wall Street has placed 100% odds of a rate cut, according to CME’s FedWatch, with higher odds (94%) on a quarter-point cut than a half-point (6%) reduction. Fed governors Christopher Waller and Michelle Bowman, both Trump appointees, voted in July for a quarter-point reduction to rates, and they may dissent again in favor of a large cut alongside Stephen Miran, Trump’s Council of Economic Advisers’ chair, who was sworn in at the meeting’s start on Tuesday. It’s unclear whether other policymakers, including Kansas City Fed President Jeffrey Schmid and St. Louis Fed President Alberto Musalem, will favor larger cuts or opt for no reduction. Fed Chair Jerome Powell said in his Jackson Hole, Wyoming, address last month the central bank would likely consider a looser monetary policy, noting the “shifting balance of risks” on the U.S. economy “may warrant adjusting our policy stance.” David Mericle, an economist for Goldman Sachs, wrote in a note the “key question” for the Fed’s meeting is whether policymakers signal “this is likely the first in a series of consecutive cuts” as the central bank is anticipated to “acknowledge the softening in the labor market,” though they may not “nod to an October cut.” Mericle said he…
Share
BitcoinEthereumNews2025/09/18 00:23
Will XRP Price Increase In September 2025?
Ripple XRP is a cryptocurrency that primarily focuses on building a decentralised payments network to facilitate low-cost and cross-border transactions. It’s a native digital currency of the Ripple network, which works as a blockchain called the XRP Ledger (XRPL). It utilised a shared, distributed ledger to track account balances and transactions. What Do XRP Charts Reveal? […]
Share
Tronweekly2025/09/18 00:00
GD Culture to Acquire Pallas Capital Assets, Adding 7,500 Bitcoin to Treasury
The post GD Culture to Acquire Pallas Capital Assets, Adding 7,500 Bitcoin to Treasury appeared on BitcoinEthereumNews.com. GD Culture Group has entered a share‑exchange agreement to acquire Pallas Capital’s assets, including 7,500 BTC, to accelerate its crypto‑treasury strategy. Pallas Capital Acquisition Boosts GD Culture’s Treasury Strategy GD Culture Group Limited (Nasdaq: GDC) has announced a landmark deal to acquire Pallas Capital Holding Ltd., adding 7,500 bitcoin to its balance sheet as part […] Source: https://news.bitcoin.com/gd-culture-to-acquire-pallas-capital-assets-adding-7500-bitcoin-to-treasury/
Share
BitcoinEthereumNews2025/09/18 13:51