AnubisDAO (ANKH)
An OlympusDAO-style project with no website or whitepaper and pseudonymous developers that raised ~13,556 ETH (~$60M) in October 2021. About 20 hours later all liquidity was withdrawn and the token fell to zero — a rug pull.
Also known as: AnubisDAO, ANKH
Summary
AnubisDAO (ANKH) was an OlympusDAO-style project that raised approximately 13,556 ETH (around $60 million) in October 2021, despite having no website or whitepaper and only pseudonymous developers. About 20 hours after the sale began, all liquidity was withdrawn from the pool and the token's value fell to zero — a rug pull. [1][3]
On-chain trail
Chainalysis described AnubisDAO as one of 2021's largest rug pulls, noting the address that deployed the liquidity pool held most of the LP tokens and cashed them out. [1] In 2023, on-chain investigator ZachXBT traced the funds through Tornado Cash and a bridge to Polygon into two exchange deposit addresses, linking them to identified individuals. [2]
Bracketed numbers refer to the numbered sources listed below.
Linked scams & cases
- Fake Ledger Live UpdaterRelatedWebsites & domainsPhishing campaign distributing a counterfeit 'Ledger Live' update that exfiltrates seed phrases.
- Merlin DEX (MAGE)RelatedTokensA zkSync DEX (token MAGE) drained of ~$1.8M during its April 2023 token launch — concluded to be a rug pull by rogue developers via excessive 'feeTo' permissions. CertiK had audited it days earlier and later offered a victim compensation plan.
- PAID Network (PAID)Related
People & entities involved
Sources (3)
See also
- Bitcoin Latinum (LTNM)TokensA ~$16M token offering (SAFTs for 'Bitcoin Latinum' / LTNM) that the SEC charged in 2026 as fraud: founder Donald Basile falsely called LTNM 'the world's first insured digital asset' backed by an 'existing trust,' neither of which existed, and diverted investor funds for personal use (including a $160,000 horse).
- Loci (LOCIcoin)TokensA 2017–2018 ICO for 'LOCIcoin' tied to the InnVenn IP-search platform. The SEC charged Loci and CEO John Wise with fraud for raising $7.6M on false claims about revenue, headcount, and user base; Wise also misused investor funds. Settled with a $7.6M penalty and an officer/director bar.
- Blockchain Terminal (BCT)Tokens
This page was last updated on Jun 8, 2026. View revision history.