Link copied 
In October 2021, a daring act of cryptocurrency banditry unfolded. AnubisDAO, a decentralized finance (DeFi) project inspired by Dogecoin, deceived crypto investors into funding their venture with a staggering 13,556 Ether (ETH). However, a mere 20 hours later, the funds vanished into an untraceable digital abyss, leaving investors in a state of confusion and betrayal.
Nearly two years later, in mid-July 2023, the crypto thieves made their move. The stolen Ethereum treasure was mobilized using Tornado Cash, a protocol that provides transaction anonymity. By dividing the stolen ETH into batches of 100, the bandits cleverly evaded detection.
PeckShield, blockchain sleuths who had been monitoring the situation since the initial heist when the stolen amount was valued at around $60 million, have been unable to recover the funds. Unfortunately, the value of the stolen funds has now deflated to approximately $26.2 million, amplifying the misery of the investors. While they hold on to a glimmer of hope for a potential refund during a market rebound, their vanished funds seem destined for obscurity.
This debacle serves as a stark reminder for investors to exercise caution. Thorough research about the project and individuals involved is crucial before diving into any investment.
In addition to the AnubisDAO heist, Geist Finance, a lending protocol, fell victim to related technical complications. Non-Multichain coin holders, such as Magic Internet Money (MIM) or Fantom (FTM), faced the possibility of accumulating bad debt. Combined with losses from the Multichain exploit, this forced Geist to permanently close its operations. The company's recent statement confirms this decision, leaving users with no hope of resumption.
