Nillion: An unauthorized market maker sold off NIL tokens and has initiated a buyback of the sold tokens

BlockBeats News, November 20, Nillion posted a statement saying, "A certain market maker sold NIL tokens without the proper authorization from the Nillion Association, and during the flash sale and the following hours, refused to respond to the team's communication."

We are taking immediate action. The Nillion Association has started using association funds to buy back the sold tokens. We also pledge to utilize all funds sold unauthorized by this market maker to buy back more NIL tokens.

We are actively pursuing legal action, coordinating with our exchange partners to ensure all accounts and wallets related to this event have been frozen."