Pepe memecoin website exploited, redirecting users to malware: Blockaid
Analysis
Price Impact
MedThe official website of pepe memecoin was exploited, redirecting users to malware (inferno drainer). while the price did not react immediately, such a serious security breach typically erodes user trust and can lead to selling pressure.
Trustworthiness
HighReported by cointelegraph, a reputable crypto news source, citing blockaid, a cybersecurity company that identified the front-end attack.
Price Direction
BearishAn exploit on the official website, leading to malware redirection, is a significant security incident. even without an immediate price drop, this event undermines investor confidence and could lead to negative sentiment and future selling pressure.
Time Effect
LongWhile initial price reaction was muted, a major security exploit of an official channel can cause lasting damage to a project's reputation and user trust if not thoroughly resolved and communicated, potentially impacting price over the long term.
Original Article:
Article Content:
Vince Quill 1 minute ago Pepe memecoin website exploited, redirecting users to malware: Blockaid The website of the Pepe memecoin has been hit with a front-end attack, and users are encouraged to stay clear of the website. Listen 0:00 News COINTELEGRAPH IN YOUR SOCIAL FEED The official website for the Pepe ( PEPE ) memecoin has been compromised by attackers, who are now redirecting users to a malicious link. “Blockaid’s system has identified a front-end attack on Pepe. The site contains a code of inferno drainer,” the cybersecurity company said on Thursday. Inferno Drainer is a suite of scam tools that is employed by threat actors, including phishing website templates, wallet drainers, and social engineering tools. Source: Blockaid The price of PEPE did not react immediately to the hack. The memecoin is up by about 4% over the last 24 hours, but still declining by more than 77% over the last 12 months, according to CoinGecko. This latest cybersecurity incident highlights the ongoing need for vigilance among crypto users. Users are encouraged to stay clear of the site until the issue is resolved. Cointelegraph reached out to Pepe and Blockaid for comment, but has not received a response. This is a developing story, and further information will be added as it becomes available. # Blockchain # Cybercrime # Cybersecurity # Memecoin # Pepe Add reaction