TechFlow reports that PAULY, co-founder of CryptoPhunks and NFT marketplace Not Larva Labs, claimed on social media platform X (formerly Twitter) that the official PEPE team stole over $10 million worth of funds from a CEX wallet, which they are now dumping into the public market. They have transferred the remaining $9.6 million to a wallet controlled by an anonymous 25-year-old individual. The entire official PEPE team has been involved in deploying and investing in other tokens. Prior to stealing the CEX funds, they conducted insider trading through massive short positions. Their crimes involving market manipulation and insider trading continue.
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