2023-08-26 05:58:22
an announcement to the @PEPE community:
Yesterday on August 24th, 2023, a series of unexpected transactions took place from the @PEPE multisig CEX
Wallet in which ~16 Trillion $PEPE tokens (worth roughly $15m USD) were transferred to various crypto exchanges (OKX, Binance, Kucoin, and Bybit) and the required signer count was reduced to 2/8 wallets. The multi-sig now sits with 10 Trillion Tokens and one signer remaining, and I can assure you that those tokens as well as this twitter account are in safe hands. I want to explain everything that took place and provide as much transparency as possible with the @PEPE community.
Since its inception, @PEPE has unfortunately been plagued by inner strife with a portion of the team being bad actors led by big egos and greed. @PEPE is now entirely free of this baggage, with clear roads ahead. There has often been conflict, and the majority of the team involved in @PEPE creation started to distance themselves after the first week of project inception. They blocked team progress on making donations or purchases with multi-sig tokens due to inability to make signatures, disagreements, and being unavailable to contact for weeks at a time. The multi-sig was setup to require 3/4 signers present for an approval. Yesterday these 3 ex-team members came back behind my back, logged onto the multi-sig, stole 16 Trillion/ 60% of the 26 trillion multi-sig tokens, and sent them to exchanges to sale. They then removed themselves from the multi sig in an attempt to absolve any association to @PEPE, deleting all of their social accounts and leaving me behind nothing but a message stating “the multi-sig has been updated, you are now in full control.”
I am shocked at what took place and would like to apologize for all of the fear and uncertainty and any losses the actions of these bad actors have caused members of our community. The CEX-wallet tokens were never meant to be sold on the market or for the team to profit from. Had I been in charge myself the whole time, I would’ve made some donations and burned the majority of the cex wallet long ago. I can assure you that the control of this Twitter account as well as the remaining 10 trillion tokens in the multi-sig are safe and in control of someone who has the best interests for everybody and @PEPE at hand, inaccessible by the nefarious ex team-members.
As I process what has happened, I look forward to a future for @PEPE where I will be able to operate with the community and tokens best intention at mind and no negligent team members and locked multi-sig situation blocking me from doing what is best. I have started discussions with some prominent community members who will be helping me guide things forward, and I am excited to be in the position to do everything we can to set up $PEPE to thrive as the decentralized and anti-fragile meme-coin asset it deserves to be.
At this point, it appears that most/all of the tokens stolen from the multi-sig yesterday were quickly sold on OKX and Binance. The remaining 10 trillion tokens left in the multi-sig will be transferred out of the old multi-sig and into a new wallet where they will safely rest until a use or burn arises. I have been in negotiation with the owners of some web domains and usernames that I am looking into acquiring for @PEPE, and when I am complete with any of these prospective purchases or donations of @PEPE from the multi-sig, I will burn the remainder of these multi-sig tokens.
Once all is set and complete, I would like @PEPE to be left in a position where it can stand and thrive as strong as ever in a truly decentralized and anti-fragile state. Together, we are all @PEPE.
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