On August 24th, 2023, the famous crypto $PEPE experienced a significant security breach from the inside. It resulted in a surprising turn of events. In an official statement, $PEPE stated that three former workers planned a well-organized attack on the multi-signature wallet. They stole 16 trillion tokens, worth USD 15 million. The $PEPE community was shocked and confused after this heinous crime. The offenders disappeared from the crypto world. The stolen tokens were quickly liquidated on different platforms like OKX, Binance, Kucoin, and Bybit. This event reduced the multi-sig wallet’s signer count to 2 out of 8. The surviving signer addressed the $PEPE community on social media after the breach to explain the event. The surviving signer apologized for the community’s suffering. He also stressed that CEX-wallet tokens were never meant for trading or profit. The signer said they would have moved funds to the community and burned any remaining tokens if they had held control. What’s more, the community was provided with assurance that the remaining 10 trillion tokens and the official Twitter account were safeguarded. The hacker was motivated by personal issues and money gain. The $PEPE project has experienced a gradual growth of tensions from its beginning. Moreover, it resulted in the emergence of divides among the members of the team. Three former coworkers unexpectedly attacked the multi-signature mechanism. They required 75% approval and stole 60% of the 26 trillion tokens. Upon fruitfully implementing the hacking technique, the individuals in question proceeded to separate themselves from the multi-signature wallet. They also carefully eliminated any proof linking them to the event. The last signer vowed to continue $PEPE’s decentralized and anti-fragile meme-coin success despite the setback. In addition, prominent members of the community have been engaged to offer counsel. They are continuously making efforts to safeguard the remaining tokens in a fresh wallet. The crypto world is still recovering from this high-profile crime, but the $PEPE community remains optimistic for a better future. The occurrence highlights the necessity for strong security protocols within the realm of the crypto ecosystem. Moreover, it serves as a vibrant reminder of the inherent hazards associated with the digital asset world.

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