AnubisDAO stole over $57 million
After launching through the Discord channel on October 28, AnubisDAO received approximately 13,256.4 ETH ($57.8 million at time of writing) from investors, however, 20 hours after the launch of the initial liquidity load, funds suddenly disappeared.
The loss of these investments was very painful for many investors, according to CNBC. Brian Nguyen has invested $470,000 in AnubisDAO. According to him, the loss of this money became very tangible for him.
Nguyen noted that he became interested in AnubisDAO because of its dog-themed brand and the successful promotion of the protocol on Twitter by a decentralized finance advocate under the pseudonym Sisyphus.
Sisyphus posted a detailed timeline for the creation and launch of AnubisDAO and claims to have involved law enforcement in both the United States and Hong Kong. In addition, he proposed to end the civil proceeding if the perpetrator returns the stolen money minus a reward of 1000 ETH.
According to Sisyphus, the idea of creating AnubisDAO appeared from discussions between the participants in the PebbleDAO project. Immediately after the discussion, a Telegram channel was created for the project, in which there were six participants from PebbleDAO.
A founding member of the project under the pseudonym Beerus was tasked with deploying the LBP, which Sisyphus believes was a major mistake as it had to be done through a multi-sig wallet.
Before the closure of the LBP, Beerus reported that it accidentally disclosed the private keys by mistakenly clicking a malicious link, which is why the money was stolen.
Sisyphus said security researchers did not find any malicious links in the PDFs reported by Beerus.
All information on the incident was provided to the relevant authorities in Hong Kong.
Sisyphus also noted that ETH was sent from wallets associated with the incident to the Coinbase exchange, but the exchange was notified of the transactions.
Earlier, Stefan He Qin, the founder of two cryptocurrency hedge funds, Virgil Sigma and VQR, using the Ponzi scheme, stole $54 million from investors.