Nillion: A market maker sold NIL tokens without authorization. We are taking countermeasures and pursuing legal action.

Nillion, a blind computer network, posted on its X platform: "It has been confirmed that a market maker sold NIL tokens without legal authorization from the Nillion Association. Subsequently, during the flash crash and for several hours afterward, the market maker refused to respond to any communication from the team. Nillion is taking immediate action, and the Nillion Association has begun using its reserves to buy back the sold tokens. Nillion also promises to use all funds recovered from the unauthorized sale of tokens by the market maker to buy back more NIL tokens. Nillion stated that it is actively pursuing legal action and working with its exchange partners to ensure that all accounts and wallets related to this incident have been frozen."