AnubisDAO investors just got drained out of $60 million in an alleged rug pull in a few hours after the launch since hundreds of investors got into the project thinking they found the next big cryptocurrency as we can see more in our latest altcoin news today.
AnubisDAO was marked as a fork of OlympusDAO and it was supposed to be a dog-themed cryptocurrency that was represented by the Egyptian deity Anubis. One Twitter user even linked the address that recieved the stolen funds to the Twitter account named Beerus. The investors claim that the creators of the newly launched coin defrauded them out of a combined total of $60 million in ETH after the funds got drained from the liquidity pool of the project in a rug pull. AnubisDAO which launched recently touted itself as a fork of an OlympusDAO as a decentralized reserve currency backed by bonds sales and provider fees.
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When it was launched, the AnubisDAO team launched a Discord server and now a defunct Twitter account. With the project not having a website, the investors still somehow poured $60 million into the ICO in return for the ANKH tokens.
20 hours into the sale, the liquidity in the pool was sent to a different address. One investor named Brian Nguyen said that he lost $470,000 and he admitted that he liked the project because of the canine imagery used to market it and evoked recent meme coins successes such as Shiba Inu and Doge. One investor offered 1000 ETH to anyone that will identify the person that controlled the address that drained the pool. The crypto brand designed responded by quoting a tweet by the account called @Beerus who mentioned the address that the stolen funds were sent to and its account disappeared from Twitter moments later:
“1k ETH pls @0xSisyphus pic.twitter.com/CvO3YTwCRu
— loldefi // October 29, 2021”
20 minutes into the allegation, Beerus tweeted under the alternate account called @Cryptofan777 trying to clear the air. The tweeter claiming to be Beerus saying that they had not drained the funds themselves had probably been the victim of a phishing attack with an attached screenshot of the email with a malicious attachment from other emails. They stressed up in a follow-up tweet “THIS ISNT SISYPHUS – DONT MISUNDERSTAND”. Today @cryptofan777 tweeted:
“I am cooperating with the police and complying with all investigations right now.”
The account responded to rumors that they ghosted 0xSisphyus for 12 hours after the money vanished by providing screenshots of the direct message conversation that prove that they neither ghosted the investors but they didn’t volunteer to handle the funds. The threat recieved polarized responses from the community with someone thinking that Beeruswas innocent.
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