PEPE leadership blames shady wallet activity on ‘nefarious ex-team members’
Release: 2024/01/28 05:59 Reading: 880
The PEPE token team has stepped forward to shed light on a series of bizarre wallet transactions that had market watchers buzzing with speculation.
In a statement communicated via X on Jan. 26, the meme coin’s current leadership separated itself from these activities, suggesting involvement by “nefarious” former team members.
This response from PEPE springs from a need to address the swelling uncertainties following notable transactions in the meme coin’s deployer wallet. Market participants were left in the dark about the specifics of these transactions, but the team’s swift denial of any current affiliation points to a complex backstory involving erstwhile associates.
The team also clarified that neither these activities nor any future transactions of a similar nature are linked to the current team.
You might also like: North Korea set new record by number of crypto hacks in 2023, data shows
Suspicions cast on former team members hark back to an incident in August 2023, where rogue developers misdirected funds from the project’s multi-signature wallet, stealing 16 trillion PEPE coins, a loot valued at nearly $16 million at the time, funneled into several crypto exchanges.
The spotlight has turned towards individuals like Eric Wallace—known under various monikers—and the Frick brothers, Brandon and Chris, who were allegedly behind the heist.
In the wake of the theft, PEPE’s management took decisive action. They re-secured the remaining 10 trillion tokens, engaging in a calculated burn of 6.9 trillion tokens from this cache, and welcomed onboard new advisors tasked with reinforcing the project’s credibility.
Walking on the tightrope of regaining investor confidence and charting a course forward after the scandal, PEPE is navigating through trying times, taking strides to utilize the remaining 3.79 trillion tokens judiciously for forging strategic ties and amplifying its market position.
Read more: Ethereum suffered highest losses due to rug pulls and hacks, data shows
Recent news
More>- President Donald (PRESDON) Will Explode Over 15,000% Before Exchange Listings, While Shiba Inu and Dogecoin Lag 11-24
- Dogecoin Price Prediction for Today, November 23 – DOGE Technical Analysis 11-24
- Dogecoin Price Prediction for Today, November 23 – DOGE Technical Analysis 11-24
- Dogecoin (DOGE) Surges 19% as Hash Rate Hits Record High 11-24
- Solana Hits New ATH, As Pepe Surges 30% Amid Bull Market, Crypto Traders Eye New Meme Coin Going Viral After Video Release 11-24
- Dogecoin (DOGE) Bullish Streak is Awakening Shiba Inu (SHIB) Bulls: What’s Next? 11-24
- Top Meme Coins for December 2024: 5 Picks to Buy Before They Take Off! 11-23
- XRP Price Prediction: XRP Pumps 67% In A Week As Gary Gensler Plans SEC Exit, While Whales Swoop On Pepe Unchained Presale 11-23
- What’s Next for Crypto After Bitcoin Take $100k Price Level? Catzilla Coin Among 3 Altcoins Poised for Big Moves 11-23
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Top 4 Altcoins At 70% Discounts – Last Chance!
- 8 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
- 9 Top Analyst Who Predicted Dogecoin (DOGE) Last 170x Rally Forecasts New Parabolic Rise, Here’s His Price Target
- 10 New Solana Memecoin Trump Loves Elon to Rally 15,000% Before Exchange Listing, SHIB and Bonk Crash
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com