Ignition Says Former Member Moved 15 Million IGNITION Tokens Before Selling

Ignition said a former team member moved 15 million IGNITION from a developer wallet to a new wallet and sold the tokens seconds later on Oct. 23. The project said the transfer was made without the rest of the team’s consent. Ignition said the sale proceeds went to the member’s personal wallet, which had also received the person’s share of creator fees. The project said the member no longer agreed with its direction and was no longer part of it. Ignition said it moved creator-fee permissions to a wallet controlled by the current team.