Important Update: Xeggex Insolvency
We regret to inform you that Xeggex has officially declared insolvency.
- The likelihood of a successful court-supervised restructuring is very low.,
- Please prepare for a total loss of any PEPEPOW held on Xeggex.,
- We’ll keep an eye out in case withdrawal functionality ever reopens (though chances are slim).,
Ongoing Community Discussion,
- Freezing/Intercepting Xeggex Wallet
Some have proposed on-chain freezes or transfer-interception of Xeggex addresses—but this would violate our decentralization principles. Further DAO discussion is required., - Burning Suspicious Funds
If it’s confirmed that the funds were stolen by hackers (or other evidence emerges), we may consider a one-time “burn” of those addresses., - Voting on Next Steps
As new facts come in, a DAO vote may be arranged to decide our response.,
Immediate Recommendations,
- Use NonKYC & Dex-Trade for any PEPEPOW trading or withdrawals.,
- Remember that only 5% of block rewards go to development—those fees continue to accumulate.,
- Our goal is not just to increase supply, but to grow PEPEPOW’s value and resilience.,
We appreciate your understanding and patience during this difficult time.
Stay tuned for updates, and thank you for supporting the PEPEPOW community!