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Nillion: An unauthorized market maker has begun to buy back the sold NIL tokens.
On November 20, Nillion stated that “a certain market maker sold NIL tokens without the legal authorization of the Nillion Association and refused to respond to any communications from the team during the flash sell-off and in the hours following it. We are taking immediate action. The Nillion Association has begun using association funds to repurchase the sold tokens. We also commit to using all funds obtained from the unauthorized sale by this market maker to repurchase more NIL tokens. We are doing everything possible to hold them accountable under the law and are coordinating with trading platform partners to ensure that all accounts and wallets related to this incident have been frozen.”