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OpenSea Responds to Allegations of Former Exec’s Involvement in $60M Rug Pull

by Dan K
Oct 9, 2023 - 2:00 pm
in Blockchain
Illustration depicting a phishing attack alert related to OpenSea NFT Marketplace.

Unveiling Accusations on Social Media

In an unexpected turn, accusations surfaced on social media, alleging a connection between a former OpenSea employee and the notorious AnubisDAO rug pull of 2021. The crypto community is left questioning the implications of these claims.

The Alleged Involvement of Kevin Pawlak

NFT Ethics and Lookonchain assert that Kevin Pawlak, OpenSea’s ex-head of ventures, played a pivotal role in hyping AnubisDAO under the pseudonymous identity “0xSisyphus.” This revelation raises concerns about transparency and trust within the NFT platform.

OpenSea’s Response and Pawlak’s Limited Scope

OpenSea swiftly responded to the allegations, stating that the company is unaware of Pawlak’s involvement in any such activities. The spokesperson emphasized Pawlak’s “limited scope” during his tenure at OpenSea, attempting to distance the platform from the projects in question. However, skepticism remains as the crypto community seeks clarity.

AnubisDAO’s $60M Rug Pull

A flashback to the AnubisDAO scandal reveals the project’s initial success in raising 13,556 Ether, equivalent to $60 million at the time, from crypto investors. However, the elation was short-lived as the funds were quickly transferred to multiple external wallets, resulting in substantial losses for unsuspecting investors.

Blockchain Sleuth’s Skepticism

Notable blockchain sleuth ZachXBT expressed skepticism regarding the accusations, deeming the thread as “mid-curve” and highlighting the lack of concrete evidence connecting 0xSisyphus to the alleged rug pull. The crypto community is left pondering the reliability of the claims made on social media.

Doubts Raised by 0xSisyphus’ Actions

Despite the serious allegations, 0xSisyphus took proactive steps by offering a 1,000 ETH bounty to anyone who could identify the wallet address responsible for draining the pool. This unusual move, coupled with engagement with law enforcement in the United States and Hong Kong, raises questions about the true nature of the accusations against 0xSisyphus.

Potential Culprits: “Beerus” and “Ersan”

ZachXBT identifies two pseudonymous users, “Beerus” and “Ersan,” as the likely actors responsible for the funds’ loss during the AnubisDAO scandal. As the focus shifts to these individuals, the crypto community awaits further developments and clarity on the true culprits behind the high-profile rug pull.

Tags: AltcoinsDAOOpenSea
Dan K

Dan K

Dan K, the chief editor, is a visionary wordsmith, shaping narratives with finesse. His discerning eye for detail creates literary masterpieces.

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