Mpeppe investors say project stole their coins ahead of casino plans
Blockchain data shows that the project has not sent tokens to any investors.
Hybrid gambling, memecoin and decentralized finance project Mpeppe (also known as MPEPPÉ or MPEPE) is being accused of orchestrating a fake presale after several investors allegedly paid for coins but didn’t receive them.
The project claims that funds will be used to build a casino, collection of player card non-fungible tokens (NFTs), and decentralized finance (DeFi) protocol associated with the token. Blockchain data shows that the token’s entire supply is held by its deployer account and that no tokens have been given to investors.
There are several different projects with similar names to Mpeppe, including an unrelated one originally called Micro Pepe, which has an identical ticker symbol to this one. However, the project discussed here is advertised on mpeppe.io, which is currently listed at the top of Google Search results for the name.
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Author: Christopher Roark
