Matt Furie, the artist behind the iconic Pepe the Frog meme, is at the center of a lawsuit following a significant NFT hack that resulted in over $1 million in losses.
What Happened?
Crypto developer Jaggedsoft has filed a lawsuit against Furie and his NFT project CHAIN/SAW for gross negligence over a hack allegedly linked to North Korean threat actors.
Developer Speaks Out
Jaggedsoft claims that CHAIN/SAW ignored numerous warnings and failed to implement necessary security measures. He stated, "They brushed off every warning, hired people who weren't up to the task, and then tried to bury the incident after raising over $25 million." He noted that no steps were taken to compensate investors or provide clarity after the hack.
Threats and Silence
According to Jaggedsoft, when he pressed for answers, CHAIN/SAW's co-founder responded with threats rather than transparency. This prompted him to seek legal recourse. The silence from Furie and CHAIN/SAW raises concerns among community members, as Jaggedsoft plans to leverage consumer protection laws, arguing that the silence following the hack poses serious red flags.
This incident highlights that even well-known figures in the NFT and crypto space are not free from accountability. If the allegations are proven true, it could be recorded as one of the most serious NFT mishaps of 2025.
