Anonymous Pepe Dev Reveals $15 Million in PEPE Tokens Stolen by Ex-Team Members
In a shocking turn of events, it has been revealed that three former team members of the popular meme coin, PEPE, allegedly stole around 16 trillion PEPE tokens worth $15 million from the coin’s multi-sig wallet. The stolen tokens were quickly sold on various cryptocurrency exchanges, including Okx, Binance, Kucoin, and Bybit. The lead developer of PEPE has made a statement regarding this incident, providing more details.
- Former team members stole around 16 trillion PEPE tokens worth $15 million
- The stolen tokens were sold on Okx, Binance, Kucoin, and Bybit
- The thieves reduced the required signer count for transactions before draining the wallet
- Remaining 10 trillion tokens in the compromised wallet are now secure
- Developer plans to transfer the tokens to a new wallet and burn them for decentralization
Despite the setback, the lead developer of PEPE is determined to continue developing the meme coin. They express shock and apologize for any losses caused by the actions of these ex-team members. The developer is also in negotiations to purchase PEPE-related web domains and usernames using the remaining tokens. The ultimate goal is to decentralize and strengthen the project, ensuring its resilience in the future.
Hot Take:
The theft of $15 million in PEPE tokens by ex-team members is a significant blow to the project. However, the lead developer’s commitment to recovering and decentralizing the remaining tokens shows resilience and dedication. This incident serves as a reminder of the risks associated with cryptocurrencies and highlights the importance of robust security measures to safeguard users’ funds.
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