Investors pooled in around $60 million to a newly-launched crypto project’s token sale, but the funds appear to have disappeared overnight. What Happened AnubisDAO is a dog-themed DeFi project inspired by the Egyptian god of death, Anubis. The project’s token sale on Oct. 28 saw investors pool 13,556.36 Ethereum worth $60 million in return for Anubis Tokens (CRYPTO: ANKH). However, users soon discovered that the funds were sent to a different wallet address around 20 hours into the token sale. The price of ANKH tokens fell to zero after all liquidity was removed from the project. “We, in crypto, tend to have a ‘buy first, do research later,’ mentality,” said one investor to CNBC after losing as much as $470,000 in one day. According to a detailed timeline of the events published by one of the project’s developers “0xSisyphus,” all evidence points to an inside job by one of the …
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