In Brief:
- AnubisDAO lost $60 mn dollars in a rug pull incident.
- The accusations have been raised as full control of the liquidity pool was given to a single developer.
- Several Hong Kong and US law enforcement agencies are investigating now.
A newly launched DeFi Project named AnubisDAO has recently been in the news for raising $60 million through the dog-meme craze. The amount is approximately worth 13,556 K (ETH).
Yesterday, this $60 mn of investors’ funds got drained apparently in a rug pull incident. Following the accusations, both Hong Kong and US law enforcement got involved, while the suspect developer claimed to have fallen to a phishing attack.
The AnubisDAO project was marketed as a fork of OlympusDAO. Under this DeFi project, the company launched its ANKH token sale on the Copper crowdfunding platform last week.
As soon as the matter made headlines, Twitter flooded with accusations of rug pulling.
As per one of the leaders in the DAO, Sisyphus, the theft was mainly due to giving full control of the liquidity pool to a single developer. He also posted the incident’s timeline on Medium and continued posting updates via his Twitter handle.
Consequently, Hong Kong law enforcement was contacted shortly after confirming that the same wallet that created the Copper launch, removed the liquidity.
Meanwhile, the suspect developer, Beerus, has been accused of opening a malicious link from a pdf, exposing the private keys used for the project’s liquidity bootstrapping pool (LBP) launch.
According to Sisyphus – “The alleged PDF phishing attack drained all the Anubis funds but Beerus personal wallet funds are intact and under his control,”
“With a high degree of certainty I can say the Anubis rug probably was not a phishing attack,” said Sisyphus on Twitter, adding that he believes one of his team members went rogue.
“Over the course of Friday, Beerus’s real-world information is collated from a large number of sources and partially released to the public online through several Twitter channels,” added Sisyphus.
He also mentioned that the alleged developer went to file a police report while turning over one PC unit.
On Saturday Sisyphus tweeted that several US law enforcement agencies were informed about the theft. He also offered a 1000 Ethereum (ETH) bounty for the stolen funds out of his own pocket.
