AnubisDAO: Investors lose $ 60 million in 20 hours

A crypto fork uses an Egyptian deity and dog meme to raise $ 60 million, and 20 hours later the money is gone.

A newly started crypto project that was able to collect 60 million dollars overnight seems to have immediately lost the money to a phishing attack. The project was called AnubisDAO and was touted as a spin-off from OlympusDAO.

AnubisDAO was first announced on October 28th with the launch of a Discord server and Twitter account that ended up posting just a few tweets. The peculiar name of the supposed hard fork comes from the Egyptian deity of death. It has a dog's head and is reminiscent of the branding of many other Memecoins with similar motifs. Now, however, there are increasing indications that AnubisDAO was resurrected from the burial chamber solely to deceive the investors.

AnubisDAO's liquidity was gone after 20 hours

Many investors may have sensed a similar price trend as recently with Shiba Inu and jumped on. They acquired tokens for $ 60 million in ETH. The token sale should continue, with further investors depositing ETH and receiving Anubis tokens (ANKH) in return, for a period of 24 hours.

But about 20 hours after the sale began, the liquidity in the pool was removed and sent to a different address. This suggests a rug pull. The owner of the Twitter account, which initially advertised AnubisDAO, claimed under a different account that he might have fallen victim to a phishing attack. This is little consolation for the investors who invested in the token sale.

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