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

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A former OpenSea employee has been accused of assisting the infamous AnubisDAO rug pull in 2021, but some commentators have raised doubts.

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

— NFT Ethics (@NFTethics) October 6, 2023

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.

“Kevin is a former employee who left the company in June 2023. He had a limited scope while at OpenSea — where he worked in a non-management position. We have no awareness of his involvement with the projects in question.”

“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 several different wallet addresses, resulting in an instant loss for the investors.

Blockchain sleuth ZachXBT also appeared to throw cold water on the accusations, saying the thread was “one of the most mid-curve” things he’d read.

He added that much of the thread seemed to base many assumptions about 0xSisyphus’ role in the alleged rug pull using “unrelated events without facts.”

That thread is one of the most midcurve things I have read. They make many assumptions off unrelated events without facts.

FixedFloat does tons in volume and same with the other exchanges mentioned. Here is the source address of the April 2023 FixedFloat insider PEPE buys I… https://t.co/0kG2M7DNVi

— ZachXBT (@zachxbt) September 29, 2023

0xSisyphus is also understood to have once offered a 1,000 ETH bounty to anyone who could identify the wallet address that drained the pool and engaged law enforcement in both the United States and Hong Kong, further raising doubts about the new accusations.

Related: AnubisDAO’s rug-pulled 13.5K ETH washes away on Tornado Cash

“Is Sisyphus at fault for gross negligence for lying about the Anubis team multisig? Absolutely 100%. Probably a civil case possible for victims,” wrote ZachXBT.

ZachXBT noted that negligence, in this case, is very different from stealing money from one’s own project. “[As far as I know,] Sisyphus was the only team member speaking with the [Department of Homeland Security].”

“You really think they did not look at him first and monitor his activity?” asked ZachXBT.

He also explained that the two actors most likely responsible for the loss of funds during the AnubisDAO scandal were two pseudonymous users known only as “Beerus” and “Ersan.”

Magazine: NFT collapse and monster egos feature in new Murakami exhibition

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  • 14.10.25 08:46 robertalfred175

    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 18:07 crypto

    Cryptocurrency's digital realm presents many opportunities, but it also conceals complex frauds. It is quite painful to lose your cryptocurrency to scam. You can feel harassed and lost as a result. If you have been the victim of a cryptocurrency scam, this guide explains what to do ASAP. Following these procedures will help you avoid further issues or get your money back. Communication with Marie ([email protected] and WhatsApp: +1 7127594675) can make all the difference.

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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