Website Compromise: The official Pepe memecoin website was compromised, redirecting users to malicious links associated with scam tools, as reported by cybersecurity firm Blockaid on October 11.
Token Price Stability: Despite the security breach, the price of the Pepe token increased by 4%, indicating market resilience in the short term.
Community Reactions: The cryptocurrency community has responded with warnings on forums and social media, while no major figures or regulators have addressed the incident directly.
Call for Enhanced Security: The breach highlights the need for improved cybersecurity measures in the crypto sector to protect against phishing and wallet-draining scams.
