• Market Cap: $2,378,974,190,324.07
  • 24h Vol: $282,931,655,089.82
  • BTC Dominance: 50.60%
$16M PEPE multsig withdrawal attributed to rogue Pepecoin team members

$16M PEPE multsig withdrawal attributed to rogue Pepecoin team members

A recent announcement to the PEPE community revealed that three former members of the project allegedly stole funds from the multisig wallet and then handed over control to the remaining member. The incident resulted in a significant drop in the price of PEPE. The anonymous founding member behind Pepecoin provided further details, stating that the ex-team members stole 16 trillion PEPE tokens and sent them to various exchanges. They also removed themselves from the multisig, leaving the sole remaining member in full control. The remaining member assured the community that the remaining funds are safe and will be transferred to a new wallet. It was also mentioned that these former members had caused difficulties since the launch of Pepecoin and hindered progress on project targets. Moving forward, the remaining member expressed their commitment to doing what is best for the PEPE community. The reaction to the announcement was mixed, with some expressing support while others questioned the truth of the claims. As of now, the price of PEPE has increased by 5.7% in the past 24 hours.

Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.