The infamous Anubis hacker has resurfaced after a three-year hiatus and has introduced a new token that has already seen a staggering 153x increase in value. Launched with an initial liquidity of 2 ETH, the token quickly gained attention within the crypto community.
One should be very careful with the altcoin with the short name ANKH because the same hacker had previously disappeared with the ETH he had collected.
On the other hand, the launch of the token has already brought with it a scandal. It is claimed that the seed phrase for the contract address of the coin in question has been leaked and that anyone who wants can reduce the value of the token to zero by minting as many ANKH as they want.
In 2021, the AnubisDAO project made headlines when investors claimed that the project’s founders had scammed them out of a total of $60 million USD in ETH. The project, which markets itself as a fork of OlympusDAO, a decentralized reserve currency supported by bond sales and liquidity provider fees, launched with significant fanfare. Despite not having a website, the AnubisDAO team has managed to attract significant investment through their Discord server and now-active Twitter account.
On October 28, 2021, AnubisDAO launched a token sale on the Copper platform, with participants exchanging ETH for ANKH tokens that would be distributed at the end of the sale. The sale was met with great interest, raising $60 million worth of ETH in less than 24 hours.
However, the optimism was short-lived. Just twenty hours after the sale, a shocking event occurred and 13,597 ETH was mysteriously withdrawn from the token sale pool and transferred to an unknown address.
*This is not investment advice.