Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.
PEPE, a known memecoin project, has blamed three of its co-founders of stealing 16 trillion of its meme tokens from the multi-signature wallet, causing the outflow of around $15 million. The co-founders in question dragged themselves from the wallet after transferring the tokens. Since then, the tokens left in the wallet have been transferred to a new address. The remaining founder apologized for the actions of the former team members and stated that the project was free of immoral workers. The announcement led to an 11% hike in the price of PEPE tokens.
