ChainSaw Team Linked to Pepe Creator Remains Inactive After Major Hack

ChainSaw NFT project, associated with Matt Furie, has faced inaction on over $1 million in stolen funds following a cyber attack by North Korean hackers.

PEPE

Summary

ChainSaw, the NFT project by Pepe creator Matt Furie, has been inactive for over a month after a hack by North Korean attackers led to losses exceeding $1 million. The team has not acted to secure the freezeable stolen assets, while the hacker group ITW has made multiple deposits to the MEXC exchange.

Terms & Concepts
  • ChainSaw: A project linked to the creator of the Pepe meme, Matt Furie, which has faced security issues.
  • North Korean attackers: Cybercriminals from North Korea known for orchestrating high-profile hacks and stealing cryptocurrency.
  • MEXC: A cryptocurrency exchange where North Korean ITW has reportedly deposited stolen funds.