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Police open an investigation into AnubisDAO’s $ 60 million carpet pulling

November 2, 2021 - Around 2 mins mins to read

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.

AnubisDAO stole $60 million , be careful on the new shitcoin euphoria trying to hit a x10000. : r/CryptoCurrency

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It immediately attracted investors and raised $ 60 million, but funds were soon withdrawn from the project’s liquidity pool.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

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Teacher

According to Cryptoslate

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

AnubisDAOs

carpet

Investigation

million

open

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
Market

Police open an investigation into AnubisDAO’s $ 60 million carpet pulling

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.

AnubisDAO stole $60 million , be careful on the new shitcoin euphoria trying to hit a x10000. : r/CryptoCurrency

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.

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Teacher

According to Cryptoslate

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

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