The cryptocurrency community is in a stir following a recent announcement from the official $PEPE coin account detailing unexpected transactions. On August 24th, 2023, approximately 16 trillion $PEPE tokens, valued at around $15m USD, were transferred from the $PEPE multisig CEX Wallet to various crypto exchanges. The required signer count was also altered. The announcement delved into internal conflicts within the $PEPE team, pointing fingers at bad actors and greed.
However, the announcement was met with skepticism. Not Larva Labs Founder Pauly (@Pauly0x) responded sharply, stating, “This little fuck @degenharambe just implicated himself in major financial crimes. He is in deep shit now.”
Another user, CryptoNoddy (@Crypto_Noddy), highlighted potential inaccuracies in the official statement, pointing out, “In my opinion, there are several misleading/incorrect statements made here. Firstly, there is not one signer remaining. The…
