The infamous Anubis hacker has reemerged after a three-year absence, introducing a new cryptocurrency token called ANKH. Launched with an initial liquidity of 2 ETH, the token has experienced an extraordinary surge in value, increasing by 153 times, drawing significant attention from the crypto community. However, given the hacker’s controversial past, there are growing concerns about the token’s legitimacy.

The AnubisDAO Debacle and the Hacker’s Notoriety

In 2021, Anubis gained notoriety for its role in the AnubisDAO project, which claimed to be a fork of OlympusDAO, a decentralized reserve currency supported by bond sales and liquidity provider fees. Despite lacking a website, the project garnered substantial interest and investment, primarily through its presence on Discord and Twitter. On October 28, 2021, AnubisDAO launched a token sale on the Copper platform, where participants could exchange ETH for ANKH tokens. Within 24 hours, the sale accumulated $60 million worth of ETH.

However, the project took a disastrous turn just 20 hours after the token sale commenced. A total of 13,597 ETH, equivalent to $60 million at the time, was suddenly withdrawn from the sale pool and transferred to an unknown address. This shocking event left investors devastated and threw the crypto community into disarray. The mastermind behind AnubisDAO disappeared without a trace, leading many to conclude that they had fallen prey to an elaborate scam.

Renewed Concerns Over the New ANKH Token

Three years later, Anubis has resurfaced with the launch of the ANKH token. Although the token’s value has skyrocketed, serious concerns have arisen. Reports indicate that the seed phrase for the ANKH contract address has been leaked. This leak could enable anyone to mint an unlimited number of tokens, drastically devaluing ANKH and rendering it worthless. This development has set off alarms within the crypto community, with many experts advising extreme caution.

Anubis’s reappearance and the introduction of the ANKH token have reignited fears of another potential scam. With the memory of the AnubisDAO incident still vivid, investors are being urged to approach ANKH with a heightened sense of vigilance, given the significant risks that may be involved.

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