Nillion: Will repurchase NIL tokens sold without authorization by a certain market maker and pursue legal action.

According to Odaily Planet Daily, Nillion officially disclosed that the project experienced an unauthorized dumping of NIL tokens by a market maker yesterday. The market maker refused to respond to any communication from the team during the flash crash and for several hours afterward.

The Nillion Association has begun using government funds to buy back the tokens that were dumped and has pledged to use all unauthorized sales funds recovered from the market maker to purchase more NIL tokens. The association stated it is pursuing the matter fully within the legal framework and is working overnight with its exchange partners to ensure that all accounts and wallets related to this incident have been frozen.