$3.1b secured by a 2-of-5 multisig where signers used prod keys to market buy mcpepes. this industry is entirely cooked. https://t.co/OfFfvjCAJd
Based Pepe PEPE Price History USD
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This new post from @LayerZero_Core directly contradicts Bryan's claim yesterday that the LayerZero Labs multisig signer who was trading the "McPepes" memecoin on Uniswap was just "testing the PEPE OFT integration"
Turns out that gaslighting doesn't work when people can check the chain and verify for themselves
Naturally, they attempt to minimize the issue by making it seem like this was a one time incident, involving only one signing key, and that the memecoin trader was quickly rotated off the multisig
In reality, the multisig signer attempted multiple memecoin trades over the span of a year and stayed on the multisig for nearly two years after the first memecoin trade, before finally being rotated off
Furthermore, there were actually 3 signing addresses that were engaged in non-multisig related activity (memecoin trading, DEX swaps, bridging, LP provisioning) on a 2-of-5 Gnosis Safe multisig
Billions of dollars in OFT value was exposed to the risk of being exploited by a multisig whose majority thresho
#PEPE
Current view.
Friends, $PEPE has risen about 8% since the trend breakout.
But to be frank…
My expectation is not just this modest move.
The chart still tells me that there’s a much larger potential.
Looking at the technical side:
✅ The downtrend from September has been broken
✅ The strong resistance at $0.00000404 has been overcome
✅ It managed to stay above this level
Thus the technical structure still looks quite strong.
The most critical point right now:
📌 The $0.00000404 level
As long as it stays in this area:
- the pattern is not considered broken
- the bullish expectation continues
- the upper targets remain on the table
🎯 Short‑term targets:
0.00000496$
0.00000729$
Stay tuned.
#PEPE
Current view.
Friends, $PEPE continues to hold at a very nice level.
I think it will be one of the first assets to react to good news.
If the rise starts, it will target the levels I indicated on the chart in the short term.
Stay closely tuned.
LayerZero mea culpa blog made it sound like a single person made a single isolated booboo one time.
But, according to this onchain evidence, there were three separate signing addresses involved with the memecoin shitters over the course of YEARS.
So, it's either:
A) LZ had three different people doing this for years
OR
B) LZ had one single person responsible for three signing keys doing this for years
It's hard to tell which is worse.
This new post from @LayerZero_Core directly contradicts Bryan's claim yesterday that the LayerZero Labs multisig signer who was trading the "McPepes" memecoin on Uniswap was just "testing the PEPE OFT integration"
Turns out that gaslighting doesn't work when people can check the chain and verify for themselves
Naturally, they attempt to minimize the issue by making it seem like this was a one time incident, involving only one signing key, and that the memecoin trader was quickly rotated off the multisig
In reality, the multisig signer attempted multiple memecoin trades over the span of a year and stayed on the multisig for nearly two years after the first memecoin trade, before finally being rotated off
Furthermore, there were actually 3 signing addresses that were engaged in non-multisig related activity (memecoin trading, DEX swaps, bridging, LP provisioning) on a 2-of-5 Gnosis Safe multisig
Billions of dollars in OFT value was exposed to the risk of being exploited by a multisig whose majority thresho
