Pop Punk, co-founder of the Web3 security and transparency platform g8keep, has reported a significant security breach on ApeChain. Announcing the incident via X, he disclosed that he has become the first recognized victim of a phishing attack associated with the launch of ApeChain. In a dramatic turn of events, screenshots shared by Pop Punk illustrate that the wallet address pop-punk.ape executed a transfer of approximately 145,841 APE tokens, which translates to around $110,000, to a fraudulent address designated as Fake_Phishing381.

This incident highlights the vulnerabilities that can accompany new blockchain launches and raises urgent questions about security measures in place to protect investors and users..