“$32,000,000 stolen from a blockchain project “
“8000 $ETH equivalent to $14,000,000 stolen from a web3 startup resulting into a -80% “
Almost every week, we keep hearing this similar story and news, but what if there is something going on behind .
In 2021, my friend who has worked with a lot of blockchain and finance startups and companies, revealed to me that most of the hack we see being announced , are not true , he told me that most times , the founders of the projects can decide to take/withdraw millions of dollars from the project , share it among themselves, buy expensive and luxurious properties and after that , the excuse they can easily sell to the public is “ we have been hacked “.
Have you ever asked yourself , the source of the millions of dollars and luxurious item’s being flaunted by most crypto founders and influencers?
Let’s dive deeper!
Remember, the time , about $13,000,000 plus was withdrawn from $PEPE multisig wallet by the founders ?
Millions of dollars worth of the PEPE memecoin was sold on several crypto exchanges, sending the price of the token down nearly -40%.
Most of the founders bought expensive Lamborghinis, cars and properties.
Now, do you know that $PEPE founders could have easily come out to announce to their investors and followers that they had been hacked and their funds stolen .
Personally, I feel 60% of this hacks are not true , is it that easy to hack into blockchain? Is it so easy to steal millions , please think about this .
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