According to ChainCatcher, on platform X, the on-chain investigator ZachXBT stated that the creator of Pepe, Matt Furie, and the projects associated with his ChainSaw platform, such as Replicandy and Peplicator, were attacked in mid-June, presumably due to the accidental hiring of staff.

The attackers took control of the contract permissions to mint and sell NFTs, causing the floor price to drop to zero. The initial estimated total loss exceeds 1 million dollars, with about 310,000 dollars taken from the projects linked to ChainSaw.

$PEPE