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.

https://twitter.com/cryptofan777/status/1454069612232863744?ref_src=twsrc%5Etfw” target=”_blank” rel=”nofollow noopener

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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According to The Block

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