<ul data-eligibleForWebStory="true"><li>Hackers stole over $1 million from Pepe NFT projects by hijacking smart contracts tied to ChainSaw studio and Matt Furie.</li><li>The attacks targeted multiple collections, draining funds and minting new tokens to crash floor prices across projects like Peplicator and Hedz.</li><li>Evidence suggests the breach came through freelance developers, with suspicious ties to North Korea and poor internal security practices.</li><li>A related exploit hit the Favrr NFT project for $680,000, following the same laundering path, raising fears of a broader vulnerability.</li></ul>

$1 Million Drained From Pepe NFT Projects in Coordinated Contract Hijack

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