Odaily News: Meme token project PEPE posted on the X platform (formerly Twitter) stating that a series of unexpected transactions occurred in the PEPE multisig CEX wallet yesterday. Approximately 16 trillion PEPE tokens in the multisig wallet were transferred to OKX, Binance, KuCoin, and Bybit exchanges, and the threshold of the multisig wallet was changed to 2 out of 8. There are still 10 trillion tokens and one signer in the multisig wallet, and these tokens are currently secure.



PEPE officials stated that since its establishment, PEPE has been plagued by internal conflicts, with some members of the team becoming bad actors due to arrogance and greed. Previously, these individuals hindered the team's progress in using the multisig wallet for donations or token purchases due to their inability to sign transactions, differences of opinion, and weeks of being uncontactable. Now, PEPE has completely rid itself of these burdens and has a bright future ahead.



The true situation of this token selling incident is that three former team members secretly returned yesterday, logged in, and stole 60% of the tokens from the multisig wallet, which is the 16 trillion PEPE mentioned earlier, and sent them to the trading platform for sale. They then deleted their own multisig permissions in an attempt to disassociate themselves from PEPE. They also deleted all their social media accounts, leaving only a message stating, "Multisig has been updated, you now have full control."



PEPE officials expressed shock at what happened and apologized for the fear, uncertainty, and any losses caused by the bad actors to the community members. Currently, the X platform (formerly Twitter) account is controlled by PEPE officials, and the remaining 10 trillion tokens in the multisig wallet are secure and inaccessible to the former team members.