SNEAK PEEK

• AnubisDAO, a victim of a $58 million rug pull in October 2021, has transferred 3,000 ETH to Tornado Cash.
• The use of transaction mixing services like Tornado Cash makes it challenging to track the source and destination of funds.
• The lack of regulation and oversight in the DeFi industry has made it a prime target for hackers and scammers.

In a recent development, it has been revealed that the AnubisDAO rug pool address transferred 3,000 ETH (approximately$5.9M to Tornado Cash, a famous cryptocurrency transaction mixing service. This transfer has raised suspicions among the crypto community that the stolen funds from AnubisDAO might be laundered using this service.

#PeckShieldAlert #AnubisDAO Liquidity Rug-labeled address has deposited 3,000 $ETH ($5.9M) to Tornado Cashhttps://t.co/V5otMN6u1G pic.twitter.com/2ZoTv3TqN5

— PeckShieldAlert (@PeckShieldAlert) May 6, 2023

AnubisDAO was in the news in October 2021 when it fell prey to a rug pull, and an address marked AnubisDAO Liquidity Rug 2 allegedly stole $58 million from the DAO. This incident sent shockwaves throughout the crypto world and raised serious questions about the security of decentralized finance (DeFi) protocols.

Peck Shield, a blockchain security company, has been monitoring the AnubisDAO rug pool address and has reported this latest transfer to Tornado Cash. One of the reasons for the anonymous thief to do this is to use a transaction mixing service to make it difficult to track the source and destination of the funds.

Last month, Peck Shield reported that AnubisDAO Liquidity Rug 3 had transferred a substantial amount of cryptocurrency funds, including 3,000 $WETH, currently valued at around $5.6 million.

#PeckShieldAlert #AnubisDAO Liquidity Rug 3 has transferred 3,000 $WETH (~$5.6M) to 0x0D19…bbb https://t.co/0EQGc0PUGm pic.twitter.com/oJuDaqj7E9

— PeckShieldAlert (@PeckShieldAlert) April 8, 2023

The AnubisDAO incident has again highlighted the need for better security measures in DeFi protocols. While the concept of DeFi is laudable, the industry’s lack of regulation and oversight has made it a prime target for hackers and scammers.