hold or not - AnubisDAO Rug Pull Backs After Nearly 3 Years With Suspicious Transactions

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LIVE UPDATES • AnubisDAO Rug Pull Backs After Nearly 3 Years With Suspicious Transactions • Peruvian Crypto Companies Required to Comply with New Rules to Prevent Money Laundering • CFTC Prediction Market Proposal Now Receiving Fierce Opposition From the Crypto Industry • Bitgo BiT Global Venture Established To Enhance The Custody Of $95 Billion WBTC • Chainwire Review: A Premier Solution for Crypto Press Releases • Donald Trump-themed Coin Insiders Profit $3.8 Million After Former President’s Reputation Fraud • USDT and USDC Supply Increased by Nearly $3 Billion in a Week • Long-Term Bitcoin Holders Remain Optimistic Amid Market Volatility • Hashdex Nasdaq Crypto Index ETF Still Not Approved Until September 30 • The City of Santa Monica Bitcoin Office Launched to Promote Industry Education

News AnubisDAO Rug Pull Backs After Nearly 3 Years With Suspicious Transactions 1 min - Around 2 mins mins to read

Key Points:

Recent Etherscan data shows 12 transactions linked to the 2021 AnubisDAO rug pull, with 7 transfers totalling 2.1 ETH.

AnubisDAO defrauded investors of $60 million in October 2021 through a quick exit scheme.

Nearly three years since the infamous AnubisDAO rug pull that saw $60 million vanish from investors, suspicious transactions linked to the case have resurfaced.

Read more: AnubisDao Rotted Over $1.3 Million After 236 Days Of Running Away

New Suspicious Transactions Linked to AnubisDAO Rug Pull

According to data from Etherscan, 12 transactions labeled “AnubisDAO Liquidity Rug 1” have just re-appeared. Seven of them, amounting to about 2.1 ETH, have been sent elsewhere. All these developments, viewed against the backdrop of the activity surging, prompted the crypto community to voice their concerns, thereby hinting at another probable scamming attempt at hand.

AnubisDAO, created on October 28, 2021, had aimed to ride the meme coin mania because of its branding after the ancient Egyptian god Anubis.

The project was an attempt to mix liquidity bonding mechanisms with a treasury of Shiba Inu tokens. After the token sale on Copper, everything seemed to kick off well. But then, within 24 hours, approximately 13,597 ETH had been siphoned from the sale pool to some unknown Ethereum address.

Read more: Top 10 Biggest Rug Pull Projects In Crypto Market History

AnubisDAO Rug Pull: Stunning Events of 2021

The anonymous creators of AnubisDAO conducted what has now been adjudged as one of the biggest rug pulls ever witnessed in DeFi history, which resulted in investors losing a sum equivalent to about $60 million.

Following the event, the crypto community reacted, with user 0xSisyphus offering a bounty of up to 1,000 ETH for information on the current holder of the stolen funds. At the peak times when the price of Bitcoin reached $68,000 in 2021, accompanied by all the lavishness of DeFi platforms with pre-sale movements, the AnubisDAO rug pull made many investors reconsider.

anubisdao AnubisDAO Rug Pull DeFi rug pull

Author Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

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AnubisDAO Rug Pull Backs After Nearly 3 Years With Suspicious Transactions