The official website for the Pepe (PEPE) memecoin has been compromised by attackers, who are 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.
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 had not received a response at time of publication.
This is a developing story, and further information will be added as it becomes available.