The PEPE contract blacklist has permanently locked $8 million worth of PEPE

2023-05-06 09:30:23
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ChainCatcher news, software engineer cygaar posted on social media that he discovered a blacklist feature in the PEPE contract, which can prevent someone from receiving or sending PEPE. Addresses starting with "0xAf23" have been blacklisted by the PEPE contract deployer, and the over 25 trillion PEPE owned by that address has been permanently locked, currently valued at approximately 8 million dollars.

According to on-chain data, that address purchased PEPE within a few hours after the Uniswap trading pair was launched, and was blacklisted by the PEPE deployer 8 minutes after the purchase. No other addresses have been blacklisted. Since the ownership of the contract has been relinquished, the blacklist can never be modified. The contract has a burn function but no further minting capability. The PEPE held by the blacklisted address can also be considered permanently locked. (source link)

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