Pepe founder blames ‘nefarious ex-team members’ for unexpected $16M withdrawal

The founder of Pepe blames three former team members for a $16 million token withdrawal from the project's wallet, and vows to burn the remaining tokens after necessary expenses or donations.

cryptoslate.com

Relevant topic timeline:

8/25/2023

PEPE Plummets 17% as Team Transfers Millions to Exchanges - Decrypt

PepeCoin (PEPE) experienced a significant drop in value after millions of dollars worth of the token were transferred from the team's wallet to exchanges, raising concerns and triggering panic selling among investors.

8/26/2023

Rogue Pepecoin team members blamed for $16M PEPE multsig withdrawal

Three former members of the PEPE project allegedly stole $16 million worth of PEPE tokens from the multisig wallet and handed over control to the sole remaining member.

8/26/2023

‘Bad Actors’: Last PepeCoin Founder Claims PEPE Could Still Thrive - Decrypt

Crypto's biggest memecoin, PEPE, experienced a major setback when 16 trillion tokens worth $16 million were sold by rogue team members, causing a 26% drop in market capitalization, but the remaining founder vows to continue and decentralize the project.

8/28/2023

Pepecoin Says 'Bad Actors' on Team Stole $15M PEPE

Some rogue developers on the Pepecoin team stole millions worth of Pepe coin (PEPE) by transferring tokens out of the project's multisig wallet, leading to a significant drop in the token's value, according to a team member. The project is now under new control, with plans to grow and decentralize in the future. However, analysts have raised concerns about the concentration of tokens in a few hands, posing risks for investors.

8/28/2023

Team Behind Memecoin Pepe Issues Statement Regarding Massive Transfer of Coins to Crypto Exchanges - The Daily Hodl

The team behind Pepe (PEPE) has issued a statement regarding a large transfer of coins, revealing that all founding members except one have sold their stake and abandoned the project, leading to a heavy price correction and the tokens being sold on crypto exchanges.

9/4/2023

Scandal hits Pepe (PEPE), Dogecoin (DOGE) shows bullish momentum as whale prefer Pomerdoge (POMD).

Pepe (PEPE) coin faces a scandal and reputation loss after 16 trillion coins worth $16 million were stolen, while Dogecoin (DOGE) shows signs of a bullish run, and whales are investing in Pomerdoge (POMD) due to its growth potential and locked liquidity.

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Posted 8/26/2023, 1:38:22 PM

Pepe founder blames ‘nefarious ex-team members’ for unexpected $16M withdrawal

The founder of Pepe blames three former team members for a $16 million token withdrawal from the project's wallet, and vows to burn the remaining tokens after necessary expenses or donations.

cryptoslate.com

Relevant topic timeline:

8/25/2023

PEPE Plummets 17% as Team Transfers Millions to Exchanges - Decrypt

8/26/2023

Rogue Pepecoin team members blamed for $16M PEPE multsig withdrawal

Three former members of the PEPE project allegedly stole $16 million worth of PEPE tokens from the multisig wallet and handed over control to the sole remaining member.

8/26/2023

‘Bad Actors’: Last PepeCoin Founder Claims PEPE Could Still Thrive - Decrypt

8/28/2023

Pepecoin Says 'Bad Actors' on Team Stole $15M PEPE

8/28/2023

Team Behind Memecoin Pepe Issues Statement Regarding Massive Transfer of Coins to Crypto Exchanges - The Daily Hodl

9/4/2023

Scandal hits Pepe (PEPE), Dogecoin (DOGE) shows bullish momentum as whale prefer Pomerdoge (POMD).