According to the last minute development, the number of signatures required to make changes to the PEPE multisig wallet has been allegedly reduced from five to two.
There is no definitive confirmation about the development yet.
Any reason why the PEPE multisig wallet changed the threshold to just 2/8 signatures? Seems weird, this isn’t standard right?
Also, seems that some has been sent to exchanges pic.twitter.com/1DVZIOvef8
— CryptoNoddy (@Crypto_Noddy) August 24, 2023
After the news, there was a 13 percent decline in the price of PEPE.
Allegedly, after the smart contract change, one of the multisig wallets sent 16 trillion PEPE worth $16 million to OKX.
*Not investment advice.
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Source: https://en.bitcoinsistemi.com/breaking-suspicious-changes-allegedly-made-to-pepe-smart-contract/