Three former members of the PEPE community are alleged to have stolen $16 million worth of PEPE tokens from the project's multisig wallet and transferred control to the only remaining member.
The anonymous founding member clarified the situation, explaining that the ex-team members stole the funds and abandoned the project, leaving control in the hands of the remaining member. The stolen funds were sent to exchanges for selling, while the remaining member and the remaining 10 trillion PEPE tokens are secured.
The remaining member is now focused on moving forward in the best interest of the PEPE community. This is what happens when you trust anonymous frogs with your money.
Source:
https://cointelegraph.com/news/rogue-pepecoin-team-members-blamed-for-pepe-multsig-withdrawalThis is what happens when you actually put your money in memes or things that completely don't make sense. The whole project revolves around a frog meme. I mean what did people really expect the "developers" were actually going to do, run a legit project? 😅
Possible but its unlikely, come to make some reflection on SHIB which it is really a meme coin but it did make out some significant changes and make out some development and did make that actual utility.Although
it wasnt still that been launched or i just missed about Shibarium which it did really make this project pulling out on meme category. This is why you cant really blame out to those $PEPE supporters on having that impression too. Memes are indeed not really that worth to be hold for long term because of that absence of utility but basing up on what we are seeing on a market or having that history then you cant really be able to blame out people on not to take up some chances on diving in whenever they do see those opportunities. They wont really be liking on missing out again on becoming rich or making tons of money out of those investment.
This is why situations like this could really be totally random and on investors point of view then making out decisions like this wont be simple. This is why we do really
need to take up some risks if we do have plans on attaining something but of course there's no assurance whether it would succeed or not.