The infamous hacker Anubis has resurfaced after a three-year hiatus, introducing a new token that has already shown a staggering 153-fold increase in value. Initially launched with just 2 ETH in liquidity, the token has quickly gained attention within the cryptocurrency community.

New Token: ANKH

The new token, named ANKH, has rapidly gained popularity among investors. However, caution is advised with this token due to the hacker’s previous history of disappearing with investors’ ETH in past projects.

Leaked Seed Phrase and Security Concerns

The launch of the token has already been marred by a security scandal. There are claims that the seed phrase for the ANKH contract address has been leaked, allowing anyone with access to it to mint additional ANKH tokens, potentially driving the token’s value to zero.

Past Scandal: AnubisDAO

n 2021, Anubis made headlines with the AnubisDAO project. This project faced allegations from investors claiming they were defrauded of a total of 60 million USD in ETH. Marketed as a decentralized reserve currency supported by bond sales and liquidity provider fees, AnubisDAO managed to attract significant investment through its Discord servers and active Twitter accounts, despite lacking a website.

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On October 28, 2021, AnubisDAO launched a token sale on the Copper platform. Participants exchanged ETH for ANKH tokens, raising 60 million dollars in ETH in less than 24 hours. However, just twenty hours after the sale, a shocking event occurred where 13,597 ETH was mysteriously withdrawn from the token sale pool and transferred to an unknown address.

Conclusion and Investment Warning

The developments surrounding the ANKH token and the previous scandal highlight significant risks for investors. It is crucial to consider these factors before making any investment decisions.

This article does not constitute investment advice

The post Lost Hacker Returns with New Altcoin After $60 Million Disappearance! appeared first on Coin Engineer.

The former employee, better known under the pseudonym “0xSisyphus“, played a key role in introducing the AnubisDAO project to investors. Furthermore, there is an possibility that he had joined in various suspicious business transactions. However, according to a statement made by OpenSea, the company was unaware of the former employee’s involvement in such activities.

A spokesperson for OpenSea stated, “Kevin is a former employee who left the company in June 2023. He had a limited capacity at OpenSea, where he worked in a non-managerial position. We have no knowledge of his involvement in the said projects.”

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The AnubisDAO scandal emerged after approximately 13,556 Ether was collected in October 2021 and the funds were transferred to various wallets within about 20 hours. This incident made a big splash in the crypto world and resulted in investors suffering millions of dollars in losses.

During the AnubisDAO scandal, two fake users, “Beerus” and “Ersan”, were most likely responsible for the loss of funds. These mysterious users further complicated the event, leaving a trail of unanswered questions.

While OpenSea maintains that there is currently no evidence relating to the former employee’s alleged role, the crypto community is waiting for more information to clear up the fog surrounding the AnubisDAO scandal.

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The post OpenSea Initiates Investigation into AnubisDAO Incident! appeared first on Coin Engineer.