An ex-OpenSea worker is accused of aiding the 2021 notorious AnubisDAO rug pull. However, some commentators have raised reservations.
After new accusations on social media, OpenSea, a nonfungible token (NFT), claims it is not aware of any proof concerning an ex-worker being part of the ill-famed AnubisDAO rug pull in 2021.
An October 6 threat on X (previously Twitter) shows that NFT Ethics, an anonymous account, tagged OpenSea, requesting it to reply to allegations that Kevin Pawlak, its previous head of ventures, is associated with ‘0xSisyphus,’ a pseudonymous identity, and was part of ‘several suspicious business dealings.’
Pawlak’s Active Role in Promoting the AnubisDAO Initiative to Investors
NFT Ethics and Lookonchain, a blockchain analytics account, asserted that 0xSisyphus, and hence Pawlak, had a significant role in promoting the AnubisDAO initiative to investors shortly prior to the transfer of recently generated funds to several external wallets.
The NFT Ethics’ threat tried explaining that Pawlak’s supposed role in the AnubisDAO rug pull was planned with other developers. Additionally, the proceeds were laundered via the memecoin Pepe (PEPE).
Nevertheless, a representative from OpenSea said that Pawlak’s role in these activities was unclear. However, while working there, he had a ‘partial scope.’
OpenSea Admits Former Executive Had Restricted Scope in Nonmanagement Position
Pawlak is an ex-worker who exited the firm in June this year, where his nonmanagement position had a restricted scope. Additionally, his role in the projects under consideration remains unknown.
Additionally, the representative said they have no link or data concerning the projects under consideration since they happened prior to his time at the NFT marketplace. In October 2021, 13556 Ether, worth $60M at that time, was raised from crypto investors. Nevertheless, after 20 hours, the funds were transferred to various wallet addresses, leading to an immediate loss for investors.
ZachXBT, a blockchain investigator, also seemed to downplay the allegations, claiming the X thread was one of the most mid-curve things to exist. Additionally, most of the threat is based on several beliefs concerning the role of 0xSisyphus in the supposed rug pull via ‘discrete events lacking facts.’
It is also believed that at one point, 0xSisyphus offered a reward of 1000 ETH to any person who would recognize the wallet address behind the training of the pool. Additionally, the pseudonymous identity sought the help of law enforcement in Hong Kong and the U.S., which evoked more doubts regarding the additional allegations.
Security Firm ZachXBT Blames Sisyphus for Gross Negligence
ZachXBT wrote that Sisyphus was to blame for gross negligence after lies concerning the Anubis team multisig. Additionally, it said that a civil case for victims was likely.
Concerning this case, ZachXBT noted that negligence is not the same as taking money from one’s project. So far, Sisyphus was the only team member communicating with the Department of Homeland Security (DHS). Further, ZachXBT said that initial monitoring of activities took place.
ZachXBT also said that two pseudonymous users referred to as ‘Beerus’ and ‘Ersan’ were the actors linked to the loss of funds during the AnubisDAO scandal.
The revelation by the blockchain security analyst reignites the involvement of former staff in executing exploits on unsuspecting users. The repeated incidents, as observed in OpenSea, illustrate violations orchestrated by former employees. Exercising Caution is mandatory given that the high employee turnover illustrates such cases could become a common experience in most crypto projects.
Editorial credit: FellowNeko / Shutterstock.com
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