AnubisDAO was released through a Discord channel on October 28th and raised 13,256.4 ETH via Copper, AlchemistCoin’s liquidity bootstrapping protocol (LBP). But 20 hours into the LBP, much to everybody’s surprise, the funds were sent to a new address.
One of the investors, Brian Nguyen, who says he lost around $470,000 to AnubisDAO, admitted that he followed the “buy first, do research later mentality,” and said the loss was “pretty painful.”
The investor revealed that AnubisDAO got his attention as a result of its canine-themed branding which reminded him of the popularity other dog-token assets enjoyed in recent times.
In total, investors seem to have lost about $57 million worth of ETH in what is basically a rug-pull.
Pseudonymous decentralized finance advocate Sisyphus, which promoted AnubisDAO on Twitter, ask the perpetrator to return the stolen funds, promising the perpetrator can keep 1,000 ETH and that no civil proceedings would be pursued.
Some are suspecting that this was an inside job with a person going under Beerus being the one who seems to have stolen the money. The person claimed it “opened a malicious link from a PDF” which would have exposed the private keys used for the LBP launch, but, the personal wallet of Beerus is still “intact and under his control.”
Sisyphus asked security researchers to investigate and “at this point, none have found any malicious content contained in the PDFs.”
It was reported that Beerus contacted the authorities in Hong Kong and even turned one computer over to the police over the weekend.