Nillion Co-founder: Due to confidentiality clauses, we are unable to disclose the identities of the market makers who sold NIL without authorization.
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TL;DR
Nillion's CEO confirmed a market maker sold NIL tokens without authorization. Due to confidentiality clauses, they cannot reveal the identity to avoid harming legal negotiations and fund recovery efforts.
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Binance LaunchpoolNillionNIL tokensmarket makerconfidentiality clauseslegal negotiations
According to Foresight News , Nillion co-founder and CEO Alex Page stated that a market maker had previously sold NIL tokens without authorization. Multiple parties have requested Nillion to identify the party involved, but Nillion is unable to disclose their identities due to confidentiality clauses. Violating these clauses would harm ongoing legal negotiations and affect the recovery of funds and tokens. The legal team is currently actively negotiating with the market maker to recover the unauthorized tokens.