AnubisDAO’s 13.5K ETH rug pull cash washes away on Twister Money

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Almost two years after the dog-inspired decentralized finance (DeFi) venture — AnubisDAO — was rug-pulled for nearly $60 million in Ether (ETH), the stolen funds had been siphoned away utilizing Twister Money.

In October 2021, AnubisDAO raised 13,556 ETH from crypto buyers owing to the predated Dogecoin (DOGE) development. Nonetheless, roughly 20 hours into the funding, the funds had been despatched to a distinct deal with — ensuing right away loss for the buyers.

Between July 15 and 16, the illicit funds had been moved through Twister Money, a decentralized protocol that enables personal transactions. The particular person in possession of the 13,556 ETH divided and moved the funds through 100 ETH per transaction, as proven within the screenshot under.

A snippet of AnubisDAO’s rug pull funds transaction historical past. Supply: etherscan.io

The data was introduced ahead by blockchain investigator PeckShield, again when 13,556 ETH was value roughly $60 million. After nearly two years, the stolen funds amounted to nearly 26.2 million on the time of writing.

Because the duped buyers see their funds being siphoned away into the abyss, a number of stay optimistic a couple of extremely unlikely situation of getting a refund as soon as the bear market recovers. In consequence, buyers are suggested to do thorough analysis a couple of venture and its founders earlier than making any funding.

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Losses from the Multichain exploit compelled lending protocol Geist Finance to close down completely. The most recent submit confirms the group doesn’t plan to reopen lending and borrowing on Geist.

A associated technical complication makes it “not possible” for Geist Finance to reenable lending as doing so would lead to dangerous debt for holders of non-Multichain cash equivalent to Magic Web Cash (MIM) or Fantom (FTM).

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