Investors rug-pulled after pouring $57M into dog-themed OlympusDAO fork By Cointelegraph

Nov 1, 2021



After launching through a Discord channel on Oct. 28, AnubisDAO went on to increase roughly 13,256.4 ETH utilizing Alchemistcoin’s liquidity bootstrapping protocol (LBP) . Nonetheless, the funds have been unexpectedly despatched to a distinct deal with roughly 20 hours into the LBP.

CNBC spoke to at least one investor who claims to have misplaced nearly $470,000 to AnubisDAO. The investor, Brian Nguyen, conceded to subscribing to a “purchase first, do analysis later mentality,” describing the loss as “fairly painful.”

Inside job?