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OpenSea Faces Accusations and Speculations Surrounding Former Employee's Ties to AnubisDAO Scandal

Tue, 10 Oct 2023, 06:50 am UTC

OpenSea responded to recent allegations linking ex-employee Kevin Pawlak to the 2021 AnubisDAO scandal, while blockchain experts express skepticism.

OpenSea, a prominent Nonfungible token (NFT) platform, has recently found itself entangled in accusations and speculations concerning its former employee, Kevin Pawlak. These allegations stem from claims on social media that Pawlak was connected to the notorious AnubisDAO financial scandal that occurred in 2021. The accusations were initially made by an account named NFT Ethics and were later supported by Lookonchain, a blockchain analytics account. These speculations prompted OpenSea to provide clarification on Pawlak's association with the digital identity "0xSisyphus" and his alleged involvement in questionable business dealings.

NFT Ethics and Lookonchain suggested that 0xSisyphus had ties to Pawlak and insinuated that Pawlak played a significant role in promoting the AnubisDAO project to potential investors. They claimed that this project diverted newly-acquired funds to multiple external wallets shortly after its inception, leading to a financial scandal.

NFT Ethics went further to suggest that Pawlak intentionally participated in the AnubisDAO financial fiasco, collaborating with other developers and allegedly laundering ill-gotten gains through the digital currency Pepe (PEPE).

In response to these allegations, OpenSea's representative clarified the company's stance to Cointelegraph. OpenSea stated that they had no knowledge of Pawlak's alleged activities and emphasized that Pawlak's role at OpenSea did not involve any managerial responsibilities. The company reiterated that they had no connection or knowledge of the controversial projects associated with Pawlak, as these incidents occurred before his tenure at OpenSea.

In a related event in October 2021, AnubisDAO accumulated a substantial amount of Ether (ETH), valued at $60 million at the time, but the funds disappeared within 20 hours as they were transferred to various wallet addresses, resulting in financial losses for investors.

ZachXBT, a recognized figure in blockchain investigations, expressed skepticism about the recent allegations. He criticized the argument presented, noting that many of the claims about 0xSisyphus's involvement in the AnubisDAO incident relied heavily on unrelated incidents and lacked concrete evidence.

Notably, 0xSisyphus had previously offered a reward of 1,000 ETH for identifying the wallet address of the culprits and sought assistance from law enforcement agencies in the U.S. and Hong Kong.

ZachXBT also made a distinction between gross negligence and outright theft in this context, emphasizing that 0xSisyphus was actively cooperating with the Department of Homeland Security. He suggested that two digital users, "Beerus" and "Ersan," were likely the primary culprits behind the losses incurred during the AnubisDAO incident.

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Great article. Requesting a follow-up. Excellent analysis.

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Great article. Requesting a follow-up. Excellent analysis.
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