Key Takeaways
- Philip Banks’ account could have been compromised after an sudden tweet asserting IP rights to the ChillGuy token crew.
- ChillGuy token surged by 30% after the tweet, however all positive aspects had been erased as hypothesis over the compromised account grew.
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Hypothesis has emerged that the CHILLGUY creator, Philip Banks, could have had his account compromised after an sudden tweet that introduced the granting of mental property (IP) rights to the CHILLGUY token crew.
The tweet, allegedly posted by Banks, said, “I’ve determined to supply licensing and IP rights to the CHILLGUY token and crew,”.
Nonetheless, doubts quickly arose when Banks’ account turned linked to the launch of a brand new meme coin that includes one other of his characters, Philb, on Pump.enjoyable.
The brand new coin shortly gained traction, reaching a $1 million market cap earlier than dumping fully. This raised suspicions that Banks’ account could have been hacked or compromised, resulting in the weird announcement about IP rights.
The CHILLGUY official X group account additionally expressed confusion, stating,
“We had been taken without warning by a tweet on the web page of @PhillipBankss tonight asserting that he has granted licensing and IP rights. We proceed to hunt particulars. All the time keep protected and don’t ship funds to solicitations with out correct diligence.”
These occasions have added gasoline to the rising issues over the safety of Banks’ account.
The sudden shift in Banks’ stance—initially asserting his intention to difficulty takedowns for unauthorized makes use of of the CHILLGUY character, adopted by granting IP rights to the token crew—has confused many.
Regardless of the controversy, the CHILLGUY token initially surged by 30% following the announcement of IP rights, however quickly erased its positive aspects.
The token turned viral in November after TikTok movies gained huge consideration, pushing it to a peak market cap of over $700 million.
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