While the dog-themed meme projects continue to attract attention, some projects seem to have succeeded in making a serious profit for their investors, but there are such projects that you can be trapped when you think you have made a profit!
Anubis (ANKH), one of the aforementioned dog-themed projects, is just one such cryptocurrency. So much so that an investor claims to have lost $470,000 because of this project. The most crucial point of the event is hidden in the following words of the victim investor:
We – unfortunately – in crypto tend to have a ‘buy first, research later’ mentality.
The project, called AnubisDAO, raised $60 million with the ANKH token sale, but when you look inside the event, it seems that the $ 60 million fund evaporated.
AnubisDAO, which was first introduced on Twitter on October 28, was met with great interest and attracted the attention of many investors in a short time.
Investors almost blindly invested their ETH in the project in exchange for ANKH. However, after a while, the ANKH price dropped to zero.
In the first hours after the incident, AnubisDAO’s social media handle was active and it was stated that there were problems due to a “bug” in the Copper Launch platform, and even an apology was made for this.
We have further confirmation that Copper has not been compromised, but the Anubis team seems to have compromised their admin keys. Please refer to the thread below for an overview of the situation:https://t.co/7JhqQv4M2J
— Copper (@CopperLaunch) October 29, 2021
Nguyen, one of the biggest victims of the incident, said that the sale in Copper Launch gave confidence because it is a famous funding platform, but it was a huge scam.
Noting the recent increase in such fraud cases, authorities revealed in a report that the total cryptocurrency stolen in just the third quarter of 2021 was over $1.1 billion. It was stated that Ethereum remains the primary target with losses of over $800 million.