OpenSea ‘unaware’ of any involvement of former exec in $60M rug pull

by Jeremy

Nonfungible token (NFT) platform OpenSea says it’s unaware of any proof pointing to a former worker being concerned within the notorious AnubisDAO rug pull in 2021 following new accusations on social media. 

In an Oct. 6 thread on X, the nameless account NFT Ethics tagged OpenSea asking them to reply to its accusations that their former head of ventures Kevin Pawlak is linked to the pseudonymous identification “0xSisyphus” and was concerned in “numerous doubtful enterprise dealings.”

Each NFT Ethics and blockchain analytics account Lookonchain alleged that 0xSisyphus, and thus Pawlak, performed a key position in hyping the AnubisDAO venture to traders, shortly earlier than the venture transferred the freshly-raised funds to a sequence of exterior wallets.

The thread by NFT Ethics tried to clarify that Pawlak’s alleged position within the AnubisDAO rug pull was premeditated with different builders and laundered the proceeds by means of the memecoin Pepe (PEPE).

Nevertheless, an OpenSea spokesperson informed Cointelegraph that they have been unaware of Pawlak’s involvement in any such actions, however additionally famous that Palwak had a “restricted scope” whereas working on the firm.

“Kevin is a former worker who left the corporate in June of 2023. He had a restricted scope whereas at OpenSea — the place he labored in a non-management place. We’ve no consciousness of his involvement with the initiatives in query.”

“Moreover, we have now no connection to, or details about, the initiatives in query, as they came about earlier than his time at OpenSea,” mentioned the corporate consultant.

In October 2021, AnubisDAO raised 13,556 ETH — value $60 million on the time — from crypto traders. Nevertheless, some 20 hours later, the funds have been despatched to a number of totally different pockets addresses, ensuing straight away loss for the traders.

Blockchain sleuth ZachXBT additionally appeared to throw chilly water on the accusations, saying the thread was “one of the vital mid-curve” issues he’d learn.

He added that a lot of the thread appeared to be basing many assumptions about 0xSisyphus’ position within the alleged rug pull utilizing “unrelated occasions with out info.”

0xSisyphus can be understood to have as soon as supplied a 1,000 ETH bounty to anybody who may establish the pockets deal with that drained the pool, and engaged legislation enforcement in each the US and Hong Kong, which may additional increase doubts in regards to the new accusations.

Associated: AnubisDAO’s rug-pulled 13.5K ETH washes away on Twister Money

“Is Sisyphus at fault for gross negligence for mendacity in regards to the Anubis workforce multisig? Completely 100%. In all probability a civil case potential for victims,” wrote Zach.

Zach famous that negligence on this case could be very totally different to stealing the cash from one’s personal venture. “[As far as I know] Sisyphus was the one workforce member talking with the [Department of Homeland Security].”

“You actually assume they didn’t take a look at him first and monitor his exercise?” requested Zach.

Zach defined that the 2 actors almost definitely accountable for the lack of funds throughout the AnubisDAO scandal have been two pseudonymous customers recognized solely as “Beerus” and “Ersan.”

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