A meme coin fork raised $ 60 million, but the money mysteriously disappeared
A restarted crypto project that raised $ 60 million overnight appears to have lost everything in a phishing attack.
The project is called AnubisDAO and is advertised as a fork of OlympusDAO – a cryptocurrency that is backed by assets in its treasury. AnubisDAO was first announced on October 28th with the launch of the Discord server and Twitter account with just a few tweets. The fork is said to revolve around Anubis, an Egyptian god of death with a dog’s head, a trademark that resembles other dog-themed meme coins.
Despite the ambiguity and lack of a website, investors rushed to sell tokens for a total of $ 60 million in ETH.
The sale is expected to continue as more investors deploy the ETH and get Anubis (ANKH) tokens back over a 24 hour period.
But at 11:58 UTC – about 20 hours after the sale – the liquidity in the pool (which allows investors to buy and sell tokens) was cleared. The $ 60 million paid in to ETH so far were then sent to a different address.
A total loss of liquidity is a bad sign, and it is even worse to show up before the sale is complete – both geared towards pulling carpets or stealing money that has already been beaten.
Since money “flies without wings”, the price of ANKH has fallen to 0 because there is no liquidity. The graphic below was originally on the Copper website – where the token sale took place – but has since been removed.
Twitter detectives found a series of transactions that linked a receiving wallet to a Twitter account called @Beerus. Yesterday this Twitter account was deleted.
Since then, the owner of the Twitter account has been claiming – under an alternative account – that he may have been involved in a phishing attack. They shared a screenshot of an email from a person posing as crypto investor 0xSisyphus that has an attachment that may contain malicious code.
got this email which appeared to be the problem
On-call service with team rn
Situation is bad, will be fixed soon pic.twitter.com/pNhGccKW1K
– m1 (@ cryptofan777) October 29, 2021
Investors who bought during the token sale were shocked by these events. 0xSisyphus tweeted that he was offering a reward of 1,000 ETH ($ 4.3 million) to find out who the owner of the address received the money. As usual, the project’s Discord channel got into a mess.
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Annie
According to The Block
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A meme coin fork raised $ 60 million, but the money mysteriously disappeared
A restarted crypto project that raised $ 60 million overnight appears to have lost everything in a phishing attack.
The project is called AnubisDAO and is advertised as a fork of OlympusDAO – a cryptocurrency that is backed by assets in its treasury. AnubisDAO was first announced on October 28th with the launch of the Discord server and Twitter account with just a few tweets. The fork is said to revolve around Anubis, an Egyptian god of death with a dog’s head, a trademark that resembles other dog-themed meme coins.
Despite the ambiguity and lack of a website, investors rushed to sell tokens for a total of $ 60 million in ETH.
The sale is expected to continue as more investors deploy the ETH and get Anubis (ANKH) tokens back over a 24 hour period.
But at 11:58 UTC – about 20 hours after the sale – the liquidity in the pool (which allows investors to buy and sell tokens) was cleared. The $ 60 million paid in to ETH so far were then sent to a different address.
A total loss of liquidity is a bad sign, and it is even worse to show up before the sale is complete – both geared towards pulling carpets or stealing money that has already been beaten.
Since money “flies without wings”, the price of ANKH has fallen to 0 because there is no liquidity. The graphic below was originally on the Copper website – where the token sale took place – but has since been removed.
Twitter detectives found a series of transactions that linked a receiving wallet to a Twitter account called @Beerus. Yesterday this Twitter account was deleted.
Since then, the owner of the Twitter account has been claiming – under an alternative account – that he may have been involved in a phishing attack. They shared a screenshot of an email from a person posing as crypto investor 0xSisyphus that has an attachment that may contain malicious code.
got this email which appeared to be the problem
On-call service with team rn
Situation is bad, will be fixed soon pic.twitter.com/pNhGccKW1K
– m1 (@ cryptofan777) October 29, 2021
Investors who bought during the token sale were shocked by these events. 0xSisyphus tweeted that he was offering a reward of 1,000 ETH ($ 4.3 million) to find out who the owner of the address received the money. As usual, the project’s Discord channel got into a mess.
Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews
Annie
According to The Block
Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page
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