AnubisDAO launched last Thursday amid a surge in meme coins and lost control of the project’s liquidity pool, with 13,556 ethers worth about $ 60 million lost to investors.

Following the allegations, both Hong Kong and US law enforcement agencies became involved while the developer of the project was a suspect.

What happened to AnubisDAO’s $ 60 million?

The project advertised as a fork by OlympusDAO started its ANKH token sale on the Copper crowdfunding platform on Thursday (October 28).

It immediately attracted investors and raised $ 60 million, but funds were soon withdrawn from the project’s liquidity pool.

After the money disappeared on Friday (October 29), carpet-pulling allegations flooded Twitter.

According to Sisyphus, one of the leaders of the DAO, the fatal mistake was to give a single developer full control of the liquidity pool.

He was describe Process on Medium and keep posting updates on his Twitter account.

Hong Kong law enforcement agencies were contacted shortly after it became clear that it was the Copper-created wallet.

Meanwhile, a developer named Beerus is suspected of having opened a malicious link from a PDF file that revealed the private keys used to start the project’s liquidity bootstrap pool (LBP).

“The alleged PDF phishing attack exhausted Anubis ‘funds, but the funds in Beerus’ personal wallet were intact and under his control. I can be sure that the Anubis carpet pulling is not a phishing attack, “Sisyphus said on Twitter, adding that one of his team members has gone rogue.

Law enforcement interferes

“Over the course of Friday, Beerus’ real-world information was compiled from a variety of sources and some published online through multiple Twitter channels,” added Sisyphus, adding that Beerus filed a report with the Hong Kong police and himself while waiting turned over via a computer.

On Saturday, Sisyphus guaranteed on Twitter that some US law enforcement agencies knew about the theft and also offered a bounty of 1,000 Ether for tracking the stolen funds.

“I hope that law enforcement will intervene next because the attacker did not refund the money even though I offered the ETH bounty,” concluded Sisyphus.

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