AnubisDAO’s rug-pulled 13.5K ETH washes away on Tornado Cash
Nearly 2 years after the dog-inspired decentralized financing (DeFi) project AnubisDAO was rug pulled for practically $60 million in Ether (ETH), the stolen funds were siphoned away utilizing Tornado Cash.In October 2021, AnubisDAO raised 13,556 ETH from crypto financiers owing to the predated Dogecoin (DOGE) trend. Roughly 20 hours into the investment, the funds were sent out to a different address, resulting in an instant loss for the investors.Almost two years later, in between July 15 and 16, the illegal funds were moved through Tornado Cash, a decentralized procedure that enables personal deals. The individual or persons in ownership of the 13,556 ETH divided and moved the funds in 100 ETH transactions, as displayed in the screenshot below. A bit of AnubisDAOs rug-pulled funds deal history. Source: EtherscanBlockchain detective PeckShield signaled the alert at the time of the make use of when 13,556 ETH was worth roughly $60 million. At the time of composing, the stolen funds amounted to practically $26.2 million.It seems the rugged @AnubisDAO funds are being cleaned by means of @TornadoCash https://t.co/DPoZ1ifSNX https://t.co/LvDSUsL6tS pic.twitter.com/mKfSdTE6D9— PeckShieldAlert (@PeckShieldAlert) July 16, 2023
As the duped financiers see their funds being siphoned into the abyss, a couple of stay positive about a highly not likely situation of getting a refund once the bear market recovers. The most current post validates the group does not plan to reopen financing and loaning on Geist.1/ 2 After verification from Multichain that the funds will not be recovered, we are announcing that Geist will not reopen.
An associated technical problem makes it “impossible” for Geist Finance to reenable loaning as doing so would result in uncollectable bill for holders of non-Multichain coins such as Magic Internet Money (MIM) or Fantom (FTM). Publication: Experts wish to offer AI human souls so they do not eliminate us all