MemeCore will issue 1 billion M tokens across chain bridges, posing centralization risks to the project

According to Defimon Alerts monitoring, MemeCore's cross chain bridge has minted approximately 1 billion M tokens into a new wallet without collateral locking or destruction of the original chain, accounting for about half of the flow. Zachxbt pointed out that insiders of the MemeCore project hold over 90% of the token supply, which has not yet been transferred.