In a crypto project that raised $ 60 million overnight using a dog meme, all that money disappeared in a phishing attack.

The AnubisDAO project is named after the Egyptian god of death. Khym Harrison / iStock / Getty Images Plus

  • $ 60 million on the air has disappeared due to fundraising for the cryptocurrency project, reports The Block.

  • AnubisDAO was promoted as an update to a cryptocurrency protocol called OlympusDAO.

  • But hours before the related token sale was scheduled to end, liquidity from the group of mass sources disappeared.

$ 60 million quickly disappeared from the cryptocurrency project, with the disappearance apparently stemming from a phishing attack, according to a report on Friday.

AnubisDAO was first introduced this week as the fork of OlympusDAO, a cryptocurrency backed by funds in its treasury, according to The Block, which publishes news and research on digital assets. Fork they are either minor and major updates to the network protocol or open source software that drives chain chains.

The fork theme, advertised on a Twitter account and with the launch of the Discord server, focuses on Anubis, the Egyptian god of death depicted in the image of a dog.

Investors have invested $ 60 million ether in the sale of tokens to support the update despite the lack of a website, the report said. The 24-hour sale is expected to bring investors anubis or ANKH tokens. However, liquidity in the group, which allows investors to buy and sell tokens, was removed 20 hours after the sale.

Millions of dollars on the air that were pushed into token sales, which took place on the Copper website, were then sent to different title. Block found that the price of ANKH actually dropped to zero because there was no liquidity to sell. Token sales have since been removed.

People on Twitter found some transactions linking the wallet that received the funds to a Twitter account named @Beerus, but the account was deleted. The owner of the Twitter account claimed – under another account – that they appeared to have been the subject of a phishing attack.

Read the original article at Business Insider

Leave a Comment

error: Content is protected !!