PEPE officially reveals the truth about "multi-signature coin selling": 3 former members privately sold off and deleted multi-signature permissions, the remaining 100 trillion PEPE is safe

ChainCatcher news, PEPE tweeted to reveal the truth behind the sale of 160 trillion PEPE tokens yesterday. The PEPE official stated that since its establishment, PEPE has been plagued by internal conflicts, with most of the founding team members distancing themselves from the project after the first week of its launch. Due to the inability to sign, differences in opinions, and prolonged unreachability, these members have hindered the team's progress in using the multi-signature wallet for token donations or purchases.

The real situation behind this token sale incident is that three former team members secretly returned on the 25th, logged into the multi-signature wallet, stole 60% of the tokens in the wallet, which amounts to 160 trillion PEPE, and transferred them to exchanges for sale. They then removed themselves from the multi-signature, attempting to absolve any association with PEPE, while also deleting all their social accounts, leaving only a message stating, "The multi-signature has been updated, you now have full control."

The official expressed shock at what has occurred and apologized for all the fear and uncertainty caused to our community members by the wrongdoers, as well as any losses incurred. The official claimed that the control of the current Twitter account and the remaining 100 trillion tokens in the multi-signature wallet are secure, and the former team members can no longer access them. They hope that PEPE can continue to maintain and thrive in a truly decentralized and anti-fragile state.

Earlier, ChainCatcher reported that the PEPE multi-signature wallet changed the threshold from 5/8 to just 2/8, with over 160 trillion PEPE (approximately $15.5 million) flowing out of the PEPE multi-signature wallet to addresses associated with Binance, OKX, and Bybit.