Pepe Memecoin Website Compromised, Redirecting Users to Malware: Blockaid

Summary:
The Pepe memecoin official website has been compromised by hackers, leading to redirections to a malicious site. Cybersecurity firm Blockaid has reported this breach, which is linked to scam tools, urging users to avoid the site until the issue is resolved.

Key Takeaways

The Pepe memecoin website has been hacked, redirecting visitors to malicious content.
Cybersecurity firm Blockaid identified a front-end attack involving scam tools.
The PEPE token's price has not significantly reacted to the incident.
Users are advised to avoid the compromised website for their safety.

Website Compromised by Attackers

The official website for the Pepe memecoin has fallen victim to a cybersecurity breach, with attackers redirecting users to a harmful link. On Thursday, cybersecurity firm Blockaid reported, “Blockaid’s system has identified a front-end attack on Pepe. The site contains a code of inferno drainer.”

Malicious activity linked to inferno drainer tools
Source: Blockaid

Understanding Inferno Drainer

The term "Inferno Drainer" refers to a set of scam tools used by cybercriminals. These include phishing website templates, wallet draining applications, and various social engineering tactics designed to exploit users.

Memecoin Price Reaction

Interestingly, the price of PEPE did not show an immediate reaction to the hack. Over the last 24 hours, the memecoin has seen a rise of approximately 4%. However, it remains down by over 77% for the past year, according to data from CoinGecko.

Ongoing Vigilance Needed

This recent cybersecurity incident underscores the necessity for constant vigilance among cryptocurrency users. Experts advise everyone to steer clear of the Pepe website until a resolution is achieved.

Cointelegraph has reached out for comments from both Pepe and Blockaid but had yet to receive a response before the article's publication.