PEPE Coin Reports Telegram Account Takeover: Claims of Team Split Also Surface

PEPE coin reports a Telegram account takeover amid skyrocketing prices.

But that's not all—there are also claims of a team split. What does this mean for the meme coin's future?

Find out the details and why caution is more important than ever in the crypto space.

PEPE Reports Account Takeover from X Account

After its launch in April 2023, the meme coin "PEPE" gained significant attention due to its sharp price increase.

On September 9, 2023, PEPE reported that one of its old Telegram accounts had been hijacked by a malicious individual. According to the PEPE team, the scammer who took over the PEPE Telegram account is misusing it for fraudulent activities and selling other coins.

They clarified, "The person who took over the account is lying and has no relation to any PEPE team members."

The takeover report was posted from PEPE's X account "@pepecoineth," and it was stated that "official announcements regarding PEPE will only be made from '@pepecoineth' for the next few weeks."

Caution Advised Even with Official Accounts

However, there are also reports claiming that "the new account owner denies hacking the PEPE account and claims that the team is splitting.

" Based on the information available at the time of writing this article, it is highly likely that the X account "@pepecoineth" is the most reliable source.

However, confusion may arise in the future due to conflicting claims from both sides.

Given the recent surge in hacking incidents involving cryptocurrency-related social media accounts, it is crucial to exercise caution and thoroughly investigate even the information posted on official accounts.

Recent Developments in PEPE's Recovery Efforts

Last month, it was reported that "three former PEPE team members logged into the multi-signature wallet and stole 16 trillion PEPE, transferring them to a cryptocurrency exchange.

" The remaining PEPE team has indicated that they are working on recovery efforts.