Meme project PEPE tweeted that 3 former team members stole about 16 trillion $PEPE tokens (worth about $15 million) from the project's multisig, then sent tokens to OKX, Binance, KuCoin, and Bybit exchanges and deleted their social accounts. Currently, multisig was reduced from a 5/8 signer count to 2/8 and there are about 10 trillion tokens (about 2% of the supply) remaining in the multi-sig with one signer. The team said those tokens as well as this Twitter account are in safe hands.
PEPE officials explain that the project has been plagued by inner strife. There has often been conflict, and the majority of the team involved in PEPE creation started to distance themselves after the first week of project inception. They blocked team progress on making donations or purchases with multi-sig tokens due to inability to make signatures, disagreements, and being unavailable to contact for weeks at a time. The multisig was set to require 3/4 signers present for an approval.
However, these 3 ex-team members came back behind my back, logged onto the multi-sig, stole 16 Trillion of the 26 trillion multisig tokens (60%), and sent them to exchanges to sell. They then removed themselves from the multisig in an attempt to absolve any association to PEPE, deleting all of their social accounts.
PEPE said that the control of the official Twitter account and the remaining 10 trillion tokens in multisig are safe and in the hands of someone who has the best interests of everyone and PEPE at hand, inaccessible by the nefarious ex-team members.
Currently, most/all of the tokens stolen from the multisig yesterday were quickly sold on OKX and Binance. The remaining 10 trillion tokens left in the multi-sig will be transferred out of the old multi-sig and into a new wallet.
Additionally, The telegram group for PEPE was locked down, the old telegram account for the group owner was hacked and the group was taken over. PEPE is currently still in the process of trying to regain access or make a new one. In the meantime, PEPE stated that all official communication for PEPE will take place via the @pepecoineth Twitter account, and any new official group links will be shared via this Twitter.
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