The past few days in the crypto space have brought a flurry of significant events. If you've yet to catch up on these updates, you're in the right place. This article delves into recent developments, including the notable Pepe Scam, the eagerly anticipated launch of Shiba Inu's Shibarium, and the imminent introduction of Bitgert's P2P exchange. Let’s get into it -
Pepe Coin: Scheming Within the $PEPE Team Leads to Massive Token Heist: A Devious Plot Unveiled
In a surprising twist, the $PEPE cryptocurrency community has been hit by a carefully planned move that resulted in a significant amount of Pepe’s tokens being transferred to CEX. Pepe team has revealed vulnerabilities in a method called multi-signature transfers. The problem comes from the multi-signature wallets used by $PEPE to ensure safe token transfers. However, some people within Pepe’s founding team misused this system. Three of the four Pepe’s founding members are responsible for a clever scheme that allowed them to take a shocking 60% of the total token value – around $15 million USD.
First, the three involved Pepe founding members agreed to the transfers, making the Pepe Coin’s movement possible. Then, the obtained Pepe tokens were sent to different cryptocurrency exchanges. Pepe Coins were sent to well-known exchanges like Binance, Kucoin, OKX, and Bybit. This made it hard to trace the origin of the Pepe funds and prepared the Pepe tokens for sale on the open market. The last person from Pepe’s founding team who had access to the multi-signature wallets had an unusually high level of control. They only needed the agreement of two out of eight signatures, giving them complete authority over the remaining 10 trillion tokens. The $PEPE community, still trying to understand what happened, received an official announcement describing the surprising events. The massive Pepe token transfers occurred on August 24th, 2023, leaving the Pepe community shocked and upset by the extent of the breach. The Pepe Coin fell by 26% after the market hit the news and Pepe is still struggling to recover.
Shiba Inu: Shiba Inu’s Shibarium Opens to Public
Shiba Inu is a decentralized cryptocurrency that has gained popularity as a meme coin and a rival to Dogecoin. Recently, Shiba Inu announced the launch of its own blockchain, Shibarium, which will allow users of Shiba Inu to create smart contracts, decentralized applications, and NFTs. Shiba Inu’s Shibarium is expected to lower the transaction fees and increase the scalability of Shiba Inu. This would make Shiba Inu more attractive to investors and developers. Shiba Inu is currently ranked 13th among the top cryptocurrencies by market capitalization.
Shiba Inu has also gained more social media attention. Shiba Inu’s Twitter account surpassed one million followers and Shiba Inu subreddit reached over 300,000 members. Shiba Inu is showing strong potential as a cryptocurrency that can compete with the leading projects in the industry. Shiba Inu also announced its plans to launch ShibaNet, which will allow users to create their own content and earn rewards in Shiba Inu (SHIB) tokens.
Bitgert: Bitgert’s P2P Exchange To Go Live Today
Bitgert (BRISE) is a relatively new token that was launched in July 2023. Bitgert is a utility token that powers the Bitgert network. Bitgert is a crypto-engineering organisation that has developed a blockchain network that claims to be fast, free and compatible with Ethereum. Bitgert with its native token is Bitgert (BRISE) aims to innovate and solve problems using blockchain technology across various domains such as decentralised finance, NFTs and the metaverse.
Bitgert has been gaining popularity and traction in the market, thanks to Bitgert’s innovative features and strong marketing campaigns. Bitgert also achieved some impressive milestones in the past month, such as selling out Bitgert’s stage two presale, reaching over 65,000 wallets , and getting listed on several exchanges. Bitgert is also ready to launch it peer to peer crypto exchange. With the buzz around Bitgert’s P2P Exchange’s launch, Bitgert (BRISE) token is expected to gain positive momentum in the market. To know more, visit Bitgert.com.
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