After launching via a Discord channel on October 28, AnubisDAO went on to increase approximately 13,256.4 ETH using Alchemistcoin Copper's liquidity start-up protocol (LBP). However, the funds were unexpectedly sent to a different address approximately 20 hours on the LBP.
CNBC spoke with an investor who claims to have lost nearly $ 470,000 to AnubisDAO. Investor Brian Nguyen admitted subscribing to a "buy first, investigate later" mentality, describing the loss as "quite painful."
Nguyen noted that he was drawn to AnubisDAO because of its canine-themed brand amid meteoric gains recently made by some dog token investors after seeing Anubis promoted on Twitter by prominent DeFi pseudonymous advocate "0xSisyphus."
Anubis is the Greek name for the Egyptian god of death and the underworld, with Egyptian images depicting the god with the body of a human and the head of a dog.
Investors appear to have lost roughly $ 57 million worth of Ether in what many describe as a carpet pull executed by the upstart canine-themed OympusDAO fork, AnubisDAO.
0xSisyphus has posted a detailed timeline outlining the formation and launch of AnubisDAO, and claims to have been involved in law enforcement in both the United States and Hong Kong. 0xSisyphus has also offered to cease civil proceedings in case the perpetrator returns the stolen finds minus a reward of 1000 ETH.
Instead of a case number that can be released to the public (hopefully, it will be available tomorrow), check below to confirm that I am in contact with the authorities. https://t.co/jCgOwaq129
- Sisyphus (@ 0xSisyphus) October 31, 2021
Internal work?
According to 0xSisyphus, the idea for an OlympusDAO fork inspired by the Shiba Inu brand arose of the discussions between the members of the PebbleDAO project during October 26 and October 27.
A Telegram was created for the project on the 27th, with its six original members, all coming from PebbleDAO. The next day it is decided that the pseudonymous founding member "Beerus" would be tasked with implementing the LBP, a decision that 0xSisyphus now describes as a "critical error":
โThis was the critical mistake. This should have been done from the original multi-signature wallet. "
With only hours to go until LBP's shutdown scheduled for October 29, Beerus claimed "to have opened a malicious link from a PDF" and exposed the private keys used for the LBP launch. Then 13,556 Ether was withdrawn from the LBP shortly thereafter, however the funds in Beerus' personal wallet appear to remain "intact and under his control."
0xSisyphus also notes that "security researchers provided PDFs of phishing emails" distributed on the day that Beerus claimed to have clicked on the malicious link, noting that "at this point, none have found any malicious content in the PDF ".
Beerus' real-world information is also collected and partially posted on Twitter and Hong Kong authorities are contacted on October 29. Beerus filed a report and handed over a computer to the Hong Kong police the next day.
0xSisyphus also notes that the wallets associated with the incident have sent ETH to Coinbase, adding that the exchange has been notified of the transactions.
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