After three years of silence, the notorious Anubis hacker has reemerged, launching a new token named ANKH with 2 ETH in liquidity. This move has caused a dramatic spike in the token’s value, soaring 153 times its initial value.
Back in October 2021, Anubis DAO, a fork of Olympus DAO, experienced a catastrophic event when 13,597 ETH (equivalent to $60 million at the time) was drained from its protocol. The project, which had launched just a day earlier on October 28, aimed to capitalize on the “dog-coin” craze by branding itself after Anubis, an ancient Egyptian deity depicted as a canine-headed man. Anubis DAO planned to combine Olympus’s liquidity bonding mechanism with a treasury comprised of Shiba Inu (SHIB) tokens.
The project’s token sale, hosted on the Copper platform, quickly gained traction, with investors contributing $60 million worth of ETH within 24 hours. However, disaster struck just hours before the sale concluded when the entire 13,597 ETH was removed from the token sale pool and transferred to an unknown address.
As a result, the ANKH tokens became worthless since liquidity was also withdrawn from the ANKH/ETH pool, leaving investors with no recourse.
Crypto Twitter was abuzz with accusations of a rug-pull, especially after the Twitter account associated with the suspect’s address was deleted shortly after the funds vanished. However, the purported owner of the account later tweeted from an alternate account, claiming they had been targeted with a malicious PDF attachment. According to the tweet, opening the attachment compromised their private keys, allowing the exploiter to seize the funds raised in the token sale.
Now the same hacker has resurfaced and launched a new token. It is important to note that this token has a high risk of fraud.
