Pepe said three former team members stole approximately 16 trillion Pepe tokens ($15 million) from the project’s multisig wallet.
The remaining signer said the project was plagued with bad actors from its inception, motivated by"big egos and greed," who had blocked progress on making donations or purchases with the multisig funds.
"The multisig was set up to require 3/4 signers present for approval. Yesterday these 3 ex-team members came back behind my back, logged onto the multisig, stole 16 trillion / 60% of the 26 trillion multisig tokens, and sent them to exchanges to sell," they stated. "They then removed themselves from the multisig in an attempt to absolve any association to Pepe, deleting all of their social accounts and leaving me behind with nothing but a message stating 'the multi-sig has been updated, you are now in full control,'" the spokesperson added.
The spokesperson added that the remaining 10 trillion multisig tokens would be transferred to a new wallet, where they will"safely rest until a use or burn arises." That could include web domains and usernames the signer wants to acquire for the project. Once these purchases or donations have been made, the signer said they will burn the remaining multisig tokens, leaving it in a more"decentralized and anti-fragile state."Following the multisig transfers on Thursday, the Pepe token
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