Over the past week, attackers managed to hack the account of the PEPE meme project and create a fake Grayscale Investments profile. ForkLog talks about the latest developments in the field of digital fraud in the News+ format.
Account hacking PEPE on Telegram
On September 9, representatives of the PEPE meme project reported that the group administrator’s Telegram account had been hacked. The unknown person also gained access to the X account associated with the coin, LordKekLol.
❌❌ $PEPE Announcement❌❌
The old telegram for $PEPE is hacked and no longer in our control. The “lordkeklol” account has been compromised. Whoever has gained access to this account is using it to push scams and deceive people and launch other coins. This person is lying and… pic.twitter.com/jxlYwoSP1Q
— Pepe (@pepecoineth) September 9, 2023
“Whoever has access to this account is using it to scam people, scam people and launch other coins. This person is lying and has no connection to PEPE or any current or former members involved in the process,” the warning reads.
Earlier, rumors about a scam appeared around the project, which were partially confirmed. On August 25, on-chain researchers noticed that the PEPE multi-signature wallet reduced the number of required confirmations from 5 to 2 and transferred part of the assets to decentralized exchanges.
The only remaining developer of the meme token said that three former members of the project team were behind it. Against the backdrop of the situation, traders began to sell their PEPE, fearing a dump.
Over the past week, the asset fell by 12%, over the month – by 47%. At the time of writing, the coin is trading at $0.0000007.
On September 8, PeckShield analysts recorded the transfer of 726 billion PEPE to the Coinbase exchange. The user exchanged coins for 345.7 ETH (~$556,000).
#PeckShieldAlert Address 0x14cb (Alleged #Mattfurie) swapped 726B $PEPE for ~345.7 $ETH ~12 hours ago, and then transferred them to #Coinbase. #PEPE #DorkLord pic.twitter.com/Gyrdt0GtiQ
— PeckShieldAlert (@PeckShieldAlert) September 8, 2023
Previously, another whale sent 1.5 trillion PEPE from three wallets to Binance. According to Lookonchain, he bought these tokens on August 24 after the developer dump for $1.45 million, and has now sold them at a loss for $1.2 million.
An hour ago, 3 wallets (probably the same person) deposited 1.5T $PEPE ($1.2M) into #Binance at a loss of $242K.
These 3 wallets withdrew 1.5T $PEPE($1.45M at the time) from #OKX after the Pepe team dumped 16T $PEPE on August 24. pic.twitter.com/StKCuGMGFZ
— Lookonchain (@lookonchain) September 6, 2023
Shibarium Developer Warning
On September 10, the developer of the Shibarium L2 network based on the Shiba Inu token reported a possible fraud. A new project, Pawswap, has appeared on the protocol, which is likely a scam.
This is the personal opinion of our @Shibariumtech admin DaVinci and #NFA. Remember, I’ve been sharing @PawZoneOfficial $Paw with you since it launched. @PawzaarOfficial is one of the features and will be one of the first #NFT marketplaces on #Shibarium to rival @opensea.… pic.twitter.com/Ya125SLH8J
— Digarch Stan | Summer Of Shibarium (@Digarch) September 10, 2023
Riding the wave of Grayscale success
Last week, criminals took advantage of the hype around Grayscale Investments after its motion was granted in the case against SEC. In X, a message appeared about the distribution of tokens worth $25 million associated with the firm’s flagship trust (GBTC).
The @Grayscale_FND account had a blue check mark. Previously, only an official profile that had passed the administration’s verification could receive such a designation. Now verification costs only $8. At the time of writing, the profile has been deleted.
Let us remind you that on September 10, attackers hacked the X-account of Ethereum co-founder Vitalik Buterin. According to blockchain analyst ZachXBT, the total amount of damage exceeded $691,000.
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