Crypto news: Pepe’s Matt Furie $1M exploit; MUTM to 60x to $1.8 in months

Blockchain sleuth ZachXBT has uncovered a $1 million exploit targeting NFT projects linked to Pepe creator Matt Furie, with suspicions pointing to North Korean IT workers. 

This breach, affecting platforms like Replicandy and Peplicator, saw attackers mint and dump NFTs, crashing floor prices. 

Meanwhile, Mutuum Finance (MUTM) is gaining traction in the crypto market, with its presale in Phase 5 at $0.03, having raised $11,400,000 and sold over 575 million tokens to 12,600 holders. 

Offering a robust DeFi lending model, Mutuum Finance (MUTM) projects a 60x surge to $1.8 by late 2025, drawing investors seeking the next big crypto.

This contrast highlights the crypto market’s volatility and potential.

Pepe projects plummet after exploit

Investigators are tracing a sophisticated hack that drained $1 million from NFT projects tied to Matt Furie.

ZachXBT reports that attackers, likely North Korean IT workers, seized smart contract control, minting new NFTs and selling them to crash prices. 

Projects like Replicandy and Peplicator lost $310,000, with funds funneled through wallets to exchanges like MEXC.

Suspect developers, including one posing as US-based, showed red flags like Korean language settings and Asian time zone activity. 

This breach exposes vulnerabilities in hiring practices within the crypto market. Consequently, Mutuum Finance (MUTM) emerges as a secure alternative, bolstered by rigorous audits and transparency.

Mutuum Finance presale surges forward

Mutuum Finance (MUTM) is advancing through Phase 5 of its 11-phase presale, with tokens priced at $0.03, a 200% increase from the opening phase’s $0.01. 

Over 50% of this phase is filled, signaling a narrowing window to buy at this rate. Phase 6 will bring a 16.7% price hike to $0.035, with the launch set at $0.06, ensuring a 100% ROI for current buyers. 

Having raised $11,400,000 and attracted 12,600 holders, Mutuum Finance (MUTM) showcases strong investor confidence.

Moreover, its CertiK audit, scoring 95.00 with no vulnerabilities, solidifies its reliability in the crypto market, making it a top crypto to buy now.

Innovative DeFi lending model

Mutuum Finance (MUTM) is changing the meaning of DeFi by establishing a dual-lending system: Peer-to-Contract and Peer-to-Peer.

A smart contract, implemented on the Peer-to-Contract system, will help to change the interest rate in a real-time manner thus making the lending and borrowing stable. 

On the other hand, Peer-to-Peer lending allows direct negotiable transactions that suit volatile assets. This flexibility supports the needs of different users in order to create more transparency and efficiency. 

Additionally, Mutuum Finance (MUTM) is developing a USD-pegged stablecoin on Ethereum, minimizing depegging risks compared to algorithmic alternatives.

This stablecoin will streamline transactions and boost liquidity. 

Furthermore, the team’s Layer 2 strategy aims to cut gas fees, positioning Mutuum Finance (MUTM) as a scalable, user-focused platform in the crypto market.

Security and rewards drive growth

Mutuum Finance (MUTM) has finalized a CertiK audit, achieving a 95.00 security score with no vulnerabilities in its smart contracts.

The team has launched a $50,000 USDT Bug Bounty Program with CertiK, offering rewards across four severity tiers to enhance security. 

Additionally, a leaderboard rewards the top 50 holders with bonus tokens, incentivizing long-term commitment.

These initiatives underscore Mutuum Finance’s focus on trust and community engagement, making it a standout crypto investment.

Future value in focus

Mutuum Finance (MUTM) is poised for significant growth, with its $0.06 launch price guaranteeing a 2x return from the current $0.03.

Analysts project a climb to $1.8 by late 2025, a 60x increase, driven by its lending model, stablecoin, and Layer 2 advancements. 

The crypto market is buzzing with interest as Mutuum Finance (MUTM) offers tangible utility over speculative projects like those tied to Furie’s exploit.

Investors are flocking to secure tokens before Phase 6’s price jump. 

Join the presale now to capitalize on this promising crypto investment, blending security, innovation, and high-yield potential.

For more information about Mutuum Finance (MUTM) visit the links below:

Website: https://mutuum.com/ 

Linktree: https://linktr.ee/mutuumfinance

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