CHILLGUY creator Philip Banks’ account possibly compromised, granting IP rights to token team

Speculation has emerged that the CHILLGUY creator, Philip Banks, may have had his account compromised after an unexpected tweet that announced the granting of intellectual property (IP) rights to the CHILLGUY token team.

The tweet, allegedly posted by Banks, stated, “I’ve decided to provide licensing and IP rights to the CHILLGUY token and team,”.

However, doubts soon arose when Banks’ account became linked to the launch of a new meme coin featuring another of his characters, Philb, on Pump.fun.

The new coin quickly gained traction, reaching a $1 million market cap before dumping completely. This raised suspicions that Banks’ account may have been hacked or compromised, leading to the unusual announcement about IP rights.

The CHILLGUY official X community account also expressed confusion, stating,

“We were taken by surprise by a tweet on the page of @PhillipBankss tonight announcing that he has granted licensing and IP rights. We continue to seek details. Always stay safe and do not send funds to solicitations without proper diligence.”

These events have added fuel to the growing concerns over the security of Banks’ account.

The sudden shift in Banks’ stance—initially announcing his intention to issue takedowns for unauthorized uses of the CHILLGUY character, followed by granting IP rights to the token team—has confused many.

Despite the controversy, the CHILLGUY token initially surged by 30% following the announcement of IP rights, but soon erased its gains.

The token became viral in November after TikTok videos gained massive attention, pushing it to a peak market cap of over $700 million.