The security issue in the cryptocurrency ecosystem has been increasing over time. More and more cryptocurrency projects have been facing various cyber attacks. While the security problems in the cryptocurrency ecosystem are increasing, another hacking news has arrived. Pepe Coin announced through their official Twitter account that their Telegram accounts have been compromised.
Danger Alert in the Altcoin with Hacked Telegram Account
With the increasing global popularity of cryptocurrencies in recent years, fraudulent activities within the crypto industry have also increased. The security issue in the cryptocurrency ecosystem has been growing day by day.
Cryptocurrencies have caught the attention of attackers with the rise in their market values in recent years. While these security problems in the cryptocurrency ecosystem continue to increase, another hacking news came during the day.
The Pepe Coin team made a last-minute announcement through their official Twitter account. In their posts, the team stated that their Telegram accounts have been compromised and that no trust should be given to any posts made from their Telegram accounts.
Impact of the Hacking News on the Price
Pepe Coin (PEPE), which has recorded a loss of over 30% in the last month, started trading between 0.00000078 dollars and 0.00000082 dollars in the last week. However, although the hacking news did not have a significant impact on the price of Pepe Coin, it experienced a decline in the morning hours and dropped to 0.00000078 dollars.
However, although high rates of loss were not observed during the day, Pepe Coin has experienced a strong downward trend in recent weeks. Pepe Coin, which accelerated the loss of value in this process due to the effect of the downward trend in the market, was among the cryptocurrencies with the highest market value among the top 100 cryptocurrencies with the highest percentage of loss in the last month, according to CoinMarketCap (CMC) data.
