OpenSea ‘unaware’ of any involvement of former exec in $60M rug pull
Nonfungible token (NFT) platform OpenSea says it is unaware of any evidence pointing to a former employee being involved in the infamous AnubisDAO rug pull in 2021 following new accusations on social media.
In an Oct. 6 thread on X (formerly Twitter), the anonymous account NFT Ethics tagged OpenSea, asking it to respond to accusations that its former head of ventures, Kevin Pawlak, is linked to the pseudonymous identity “0xSisyphus” and was involved in “various dubious business dealings.“
1/ Dear @OpenSea, what do you think of the fact that your Head of Ventures, Kevin Pawlak, has been involved in various very dubious business dealings (e.g. Anubis) and pump & dump schemes under his pseudonymous identity @0xSisyphus (& 0xMagellan)? pic.twitter.com/GzIVLJirLE
Both NFT Ethics and blockchain analytics account Lookonchain alleged that 0xSisyphus, and thus Pawlak, played a key role in hyping the AnubisDAO project to investors shortly before the project transferred the freshly raised funds to a series of external wallets.
The thread by NFT Ethics attempted to explain that Pawlak’s alleged role in the AnubisDAO rug pull was premeditated with other developers and laundered the proceeds through the memecoin Pepe (PEPE).
However, an OpenSea spokesperson told Cointelegraph that it was unaware of Pawlak’s involvement in any such activities but also noted that Palwak had a “limited scope” while working there.
“Furthermore, we have no connection to, or information about, the projects in question, as they took place before his time at OpenSea,” said the company representative.
In October 2021, AnubisDAO raised 13,556 Ether (ETH) — worth $60 million at the time — from crypto investors. However, some 20 hours later, the funds were sent to
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