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According to PANews news on August 28, Jeremy Cahen (Twitter account nickname PAULY), founder of CryptoPhunks and NFT market Not Larva Labs, tweeted that the PEPE team stole more than $10 million worth of funds from the CEX wallet and transferred them to Sell in the open market. Now they have transferred the remaining $9.6 million to a wallet controlled by an anonymous user. They placed a large number of empty orders before stealing CEX funds. The entire team was involved in insider trading. Their market manipulation and insider trading offenses continue. According to previous news, PAULY stated on Twitter that the official PEPE team holds PEPE worth 16 million to 17 million US dollars in at least 9 internal wallets, and the "truth about selling coins" announced by PEPE is a complete lie.