The PEPE contract blacklist has permanently locked up PEPE tokens worth $8 million.

According to a BlockBeats report on May 6th, software engineer cygaar posted on social media that he discovered a blacklist function in the PEPE contract, which can prevent someone from receiving or sending PEPE. An address starting with "0xAf23" has been blacklisted by the PEPE contract deployer, and the over 2.5 trillion PEPE owned by that address have been permanently locked, with a current value of about $8 million. Chain data shows that the address purchased PEPE within hours of the Uniswap trading pair launch, and was blacklisted by the PEPE deployer 8 minutes after the purchase. No other addresses have been blacklisted. As the contract ownership has been abandoned, the blacklist can never be changed. The contract has a destruction function, but no further minting capabilities. PEPE held by blacklisted addresses can also be considered permanently locked.