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AnubisDAO

Rug Pull

DeFi · $ANKH · born 2021 · ✝ 2021

A dog-coin DAO that raised millions and vanished in hours.

AnubisDAO was an Olympus-style fork that raised about 13,556 ETH in a liquidity-bootstrapping sale in October 2021. Within a day the entire pool was drained to an external wallet, and the funds were never recovered.

Peak
~$60M stolen
Cause
Rug Pull
Year of death
2021

☠️ Cause of death

The sale's contracts were drained when the raised liquidity was siphoned to a single wallet, an apparent rug or insider key compromise.

📓 Lessons left behind

  • Anonymous teams holding sale proceeds is a structural rug risk.
  • Verifiable liquidity locks should gate any LBP raise.
  • Memecoin hype is no substitute for audited custody.

🌱 The idea that survived

Locked liquidity raises

Hardened expectations that token sales escrow proceeds in time-locked, verifiable contracts.

#defi#rug#memecoin#liquidity