PEPE To Create New Official Telegram as Ex-Members Steal 16T Tokens

• Ex-team members steal 16 trillion PEPE value $15M from the PEPE pockets.
• The stolen tokens represented 60% of the staff’s complete PEPE tokens.
• The PEPE staff mentioned it would create new official Telegram teams.

In an announcement, the PEPE admin confirmed that surprising developments occurred on Thursday, the place trillions of PEPE tokens went lacking. Particularly, PEPE admin revealed on X that roughly 16 trillion PEPE tokens, equal to round $15 million, have been moved from the PEPE multisig CEX Pockets. 

These tokens have been transferred to a number of crypto exchanges, together with OKX, Binance, Kucoin, and Bybit. The switch coincided with decreasing the required signer depend from 3/4 to 2/8 wallets for the multi-sig setup. 

Consequently, the multi-sig pockets now holds 10 trillion tokens with just one signer remaining.

Moreover, the administrator assured the PEPE neighborhood that the remaining tokens and their related X account are safe. They aimed to offer readability and transparency concerning the state of affairs. 

In the meantime, the administrator shared that PEPE had confronted inner conflicts since its inception. It concerned sure staff members pushed by private agendas and greed. In response to the assertion, these points led to a scarcity of progress and cooperation. It impeded actions like donations and token burns.

Nevertheless, a big flip of occasions unfolded when three ex-team members, who had distanced themselves earlier, took unauthorized motion. With out the administrator’s information, they accessed the multi-sig pockets and stole 16 trillion tokens. The stolen token represented 60% of the staff’s complete PEPE tokens. The people proceeded to promote them on exchanges. 

Following this, the ex-team members disassociated themselves from PEPE and erased their social media presence. They left a message confirming their management over the multi-sig. Nonetheless, the admin reassured that the remaining 10 trillion tokens and the management of the X account are in protected fingers.

Additionally, the PEPE famous that official communication for the neighborhood will now come via their X account. The choice comes amid the lockdown on their official Telegram group. Notably, the staff mentioned it would create new official Telegram teams.