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What happened to the $60 million raised by this dog-themed DeFi project
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An investor reportedly lost $470,000 to a dog-inspired DeFi project. In an interview with CNBC, the investor admitted,
“We, in crypto, tend to have a ‘buy first, do research later,’ mentality.”
The said project, AnubisDAO, raised $60 million with its ANKH token sale. However, upon a closer look at the community, it appears the entire $60 million in funds have gone missing.
Source: Reddit
The decentralized autonomous organization(DAO) wasn’t launched with a clear purpose. AnubisDAO was first announced on 28 October on its Twitter handle with a Discord server.
As meme-coins have been gaining traction in the market lately, Anubis’ crowdfunding pool on Copper Launch also received a great opening. Investors relentlessly invested their ETH into the
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