After PEPE coins were resold, the official PEPE account issued a statement stating that the official multi-signature wallet was exploited by unscrupulous team members and tried to blame him. But the community doesn't seem to think so.
(The PEPE team dumped tens of millions of dollars in tokens, and PEPE fell nearly 20%)
(PEPE’s move to smash the market caused public outrage, and the founder’s identity was revealed)
PEPE official account: stolen and sold by three former team members
PEPE’s official Twitter account stated that on 8/24, 16 trillion PEPE (approximately US$15 million worth) in the PEPE multi-signature wallet were transferred to different exchanges for sale, and the permissions of the multi-signature wallet were also reduced to 2/8. Signatures (changing settings requires 3/4 signers). There are currently 10 trillion PEPE tokens left in the multi-signature wallet, as well as one signing authority, which is now safe.
The PEPE official account stated that the PEPE team often had conflicts when it was first established. After its establishment, most team members often had disagreements and were unable to contact each other, resulting in the inability to use multi-signature wallets to donate or purchase.
But on 8/24, three former team members quietly used a multi-signature wallet, stole 60% of the PEPE coins for sale, and deleted their own multi-signature wallet permissions in an attempt to get rid of their association with PEPE. And leave the message "The multi-signature wallet has been updated, now you have full control".
PEPE official account: Selling tokens is not the official intention
The official PEPE account stated that selling these tokens was not what the officials wanted. It would like to apologize to the community for these bad actions.
The remaining tokens have been transferred to a new wallet, and he also expects to destroy the remaining tokens, hoping to make PEPE truly decentralized.
an announcement to the $PEPE community:
Yesterday on August 24th, 2023, a series of unexpected transactions took place from the $PEPE multisig CEX Wallet in which ~16 Trillion $PEPE tokens (worth roughly $15m USD) were transferred to various crypto exchanges (OKX, Binance,… pic.twitter.com/iZmXV1TAvw
— Pepe (@pepecoineth) August 26, 2023
Justify yourself? Sincerely?
Are the claims from PEPE’s official account true? Not Larva Labs founder Pauly believes this is all a lie.
@Crypto_Noddy even pointed out that the settings claimed by the PEPE official account are not true at all. The owner of the multi-signature wallet has not been deleted at all, and the permission setting has been changed from 5 to 8 to 2 to 8. Moreover, if the signature authority is changed by the so-called 3/4 signers, it means that someone has more than two signature authority at the same time, which should also be disclosed.
I already told you, every single word coming from this @pepecoineth account is an outright lie.
These kids are in trouble, and they are so foolish they actually believe they can lie their way out of it and buy themselves time.
That wont be happening. https://t.co/kq1bIvJn5L
— PAULY (@Pauly0x) August 26, 2023
This article A true lie? PEPE’s official account stated: After a former team member resold PEPE, he left his multi-signature wallet to me. First appeared on Chain News ABMedia.