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AnubisDAO Points at ‘Critical Mistake’ After Losing USD 60M of Investors Money
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cryptonews.comInvestors in AnubisDAO, a relatively new DeFi project which was promoted as a fork of OlympusDAO, have lost USD 60m due to one “critical mistake,” an anonymous person behind the project claims.
AnubisDAO launched on Thursday and managed to raise ETH 13,256 (USD 58m today) using Copper, Alchemistcoin’s liquidity bootstrapping protocol (LBP). However, less than a day into the sale, the funds were sent to a different address.
The fact that the liquidity was removed even before the sale ended prompted investors to speculate whether they were rug-pulled—an event where the developing team disappears with the money—or that the project was hacked.
"Big scam. Devs sacked people who looked up the contract and bought in early using them as exit
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