In June 2025, blockchain detective ZachXBT reported a hack by North Korean-linked hackers on cryptocurrency projects associated with artist Matt Furie, the creator of the iconic meme Pepe the Frog. The attackers breached a platform related to the token $PEPE , stealing assets worth $2.1 million. This attack was part of a broader wave of cybercrimes targeting crypto markets, where losses reached $2.1 billion over six months. Hackers exploited vulnerabilities in smart contracts and phishing methods to gain access to private keys.
Matt Furie, whose frog Pepe became a symbol of meme culture and the PEPE cryptocurrency, has previously fought for control of his character, suing against its use for political and commercial purposes. This attack highlights the vulnerability of cryptocurrency projects, especially meme coins, to cyberattacks. Experts recommend strengthening wallet security and two-factor authentication.
The attack raised concerns in the crypto community, as PEPE remains a popular token with a market capitalization of over $1.6 billion. Stay updated by subscribing to #MiningUpdates
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