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

  • OpenSea denies any knowledge of former employee’s involvement in AnubisDAO rug pull
  • An anonymous Twitter account accused OpenSea’s former head of ventures of participating in dubious business dealings
  • NFT Ethics and Lookonchain alleged that the former executive played a role in hyping the AnubisDAO project
  • An OpenSea spokesperson states that they are unaware of any such activities and that the former employee had a limited scope while working there
  • ZachXBT, a blockchain sleuth, questions the credibility of the accusations
  • The identity 0xSisyphus, linked to the former executive, offered a bounty to identify the wallet address that drained the AnubisDAO project
  • ZachXBT suggests negligence rather than theft as the cause of the rug pull

Nonfungible token (NFT) platform OpenSea has responded to new accusations on social media regarding the involvement of its former head of ventures, Kevin Pawlak, in the AnubisDAO rug pull. The anonymous Twitter account NFT Ethics tagged OpenSea and claimed that Pawlak, under the pseudonymous identity “0xSisyphus,” engaged in dubious business dealings. Both NFT Ethics and Lookonchain alleged that Pawlak played a key role in hyping the AnubisDAO project, leading to the transfer of funds to external wallets. However, OpenSea denies any knowledge of Pawlak’s involvement in such activities.

In October 2021, AnubisDAO raised 13,556 Ether (ETH) from investors, but the funds were subsequently transferred to different wallets, resulting in a loss for investors. ZachXBT, a blockchain sleuth, has cast doubt on the accusations, stating that the thread making the claims is based on assumptions without concrete evidence. Furthermore, 0xSisyphus offered a bounty to identify the wallet address that drained the AnubisDAO funds and engaged law enforcement, raising further doubts about the accusations. ZachXBT suggests that negligence, rather than theft, may be the cause of the rug pull.

OpenSea maintains that Pawlak had a limited scope while working for the company and that they are unaware of his involvement with the projects in question. They also clarify that the projects took place before Pawlak’s time at OpenSea. The situation highlights the challenges faced by NFT platforms in ensuring the integrity of projects and preventing fraudulent activities.

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