Price Crashed and ETHs Stolen!

$60 million stolen from AnubisDAO crypto fundraiser. Crypto investors lost nearly $60 million in the attack. AnubisDAO, a newly launched dog-themed altcoin project, has been hit hard. At the time of the attack, 13,556.36 ETH, worth approximately $60 million, was withdrawn from the AnubisDAO liquidity pool. A few community members suspect it may be a rug pull. Details cryptocoin.com‘in.

Is altcoin a victim of “carpet pulling”?

AnubisDAO was damaged in an attack in which an unknown entity stole $60 million from the project’s auction pool. AnubisDAO, a newly launched dog-themed crypto project, was hacked today. Based on the data on the chain, someone dumped $60 million worth of ETH from the project’s launch pools. Anubis, a fork of OlympusDAO, was launched yesterday on Copper, a token crowdfunding platform. He promised to build a community-owned DeFi infrastructure. Through the Copper platform, the team has launched liquidity pools on Balancer, which distributes native ANKH tokens to investors in exchange for ETH. Twenty hours before the token sale, around 11:58 a.m. UTC, 13,556.36 ETH, worth approximately $60 million at the time, was drained from the liquidity pool by an unknown entity.

Are the perpetrators clear?

Sisyphus, one of AnubisDAO’s key supporters, confirmed the attack and said the perpetrator was “a phishing attack targeting either a team member or a team member.” This tweet has since been deleted. Still, Sisyphus offered a reward of 1000 ETH (approximately $4.4 million) for identifying the person behind the wallet linked to the Anubis attack. The team claims it is still investigating the attack vector. Meanwhile, assets from the carpet pulling event were transferred to this wallet. ANKH token price collapsed after the event. Some community members claimed that the incident was a scheme by which a crypto project was deliberately aimed at stealing funds from investors that were invested in liquidity pools. Claims have been made against a team member named “Beerus”, who some Discord community members are suspected of performing the $60 million carpet pull. However, this claim is unfounded so far.

Other critics have suggested that the project was probably unreliable because it was launched without a website or whitepaper. But the lack of reliable information about the team hasn’t stopped people from jumping into the mass sale. DeFi_Brain, a prominent crypto personality, announced that he lost almost half a million dollars in the incident. Before more details about the incident emerge, it’s difficult to determine whether the carpet pulling was caused by a phishing attack, an inside job, or if another factor was at play.

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