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Rogue Pepecoin team members blamed for $16M PEPE multsig withdrawal By Cointelegraph - Modern Digital India
Thursday, May 28, 2026
International Investments

Rogue Pepecoin team members blamed for $16M PEPE multsig withdrawal By Cointelegraph

By Isabella Margaret
Rogue Pepecoin team members blamed for M PEPE multsig withdrawal By Cointelegraph
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The circumstances behind the mysterious $16 million withdrawal from the Pepecoin (PEPE) project’s multisig wallet have seemingly been revealed, with the finger being pointed at three ex-team members who went rogue.

On Aug. 24, the price of PEPE plunged by roughly 15% amid fears of a potential rug-pull after the community spotted that $16 million worth of PEPE was withdrawn from the Pepe multisig wallet and sent to several exchanges.

Comments on the Pepecoin announcement. Source: X