Following the “dog meme” digital money fever, investors were empty-handed when $60 million in capital contribution disappeared

The 400,000-fold increase in the price of the Shiba Inu cryptocurrency – a typical “dog meme” digital coin with no real value – is making the movement to follow it become more exciting than ever. But not every project brings joy or a happy ending to those who participate in it.

A newly launched crypto project is called AnubisDAO and is promoted as a fork of OlympusDAO – a cryptocurrency backed by assets in its treasury. AnubisDAO first launched on October 28 with a Discord server and a Twitter account with just a few tweets. The coin’s theme revolves around Anubis, the Egyptian god of death with the head of a dog, a sign that it resembles some of the earlier “dog memes”.

Even without an official website, investors still dive into this cryptocurrency when there is already $60 million in ETH poured into it. And supposedly, money from investors will still pour into this project to receive Anubis tokens back.

But only about 20 hours after the sale of these tokens – the liquidity of the pool (which allows investors to buy and sell tokens) suddenly disappeared. The $60 million in ETH that was put in to buy these tokens was moved to another address.

The disappearance of liquidity is clearly a bad sign, and its disappearance before the token sale ends makes this sign even worse – both signs that this project has turned into a scam. a runaway scam (aka Rug Pull – when the whole development team disappears with investors’ money) – or someone has hacked into this project and stolen the entire amount.

Once the money was gone, the price of the Anubis token quickly plummeted to zero because no one was buying it anymore. Its price chart was also removed from the Copper website, which held the token sale.

AnubisDAO token price graph before

Researchers on Twitter then discovered a series of transactions from an investment wallet – with a link to a Twitter account called @Beerus. This was also confirmed by The Block researchers. A few hours ago, this Twitter account was also deleted.

Not long after, via another Twitter account, the owner of the @Beerus Twitter account above said they had encountered a phishing attack to take over the account. To prove it, they also provided a screenshot of an email from a person posing as a crypto investor 0xSisyphus, which contained an attachment that could contain malicious code.

Currently, for the investors who have poured money into AnubisDAO, their spirits are broken before this event. 0xSisyphus also offers a prize of 1,000 ETH for anyone who finds out who the owner of the e-wallet received the above funds. As is common in scams, this project’s Discord channel is in turmoil as investors try in vain to get their lost money back.

Refer to The Block Crypto