OpenSea and the $60M Rug Pull: Exploring Web 3.0 and AI Ethics

Investing in Web 3.0 and the AnubisDAO Rug Pull

OpenSea, a nonfungible token (NFT) platform, has stated that it has no knowledge of any evidence suggesting that its former head of ventures, Kevin Pawlak, was involved in the 2021 AnubisDAO rug pull. This follows accusations made on social media by accounts such as NFT Ethics and Lookonchain.

The claims suggested that Pawlak, under the pseudonym “0xSisyphus”, was involved in hyping up the AnubisDAO project to investors prior to the transfer of funds to external wallets. It was also proposed that the rug pull was premeditated, and that the proceeds were laundered through the memecoin Pepe (PEPE).

Investing in Web 3.0, which is distinct from Web 2.0, can be a great way to make money. Those interested in such investments should understand the differences between the two versions of the web, and how to get involved. There are several strategies for investing in Web 3.0, and it is important to be aware of the ethical implications of such investments.

Investing in Web 3.0

In October 2021, AnubisDAO raised 13,556 Ether (ETH) — worth $60 million at the time — from crypto investors, but within 20 hours the funds were sent to several different wallet addresses, resulting in an instant loss for them.

However, OpenSea, for whom Pawlak had a “limited scope” of work, claimed to be unaware of his involvement in any such activities. A spokesperson for the company told Cointelegraph that the projects in question took place before Pawlak’s time at OpenSea, and that they have no connection to or information about them.

People interested in learning how to make money in web 3.0, or how to invest in it, can explore a variety of options. It is essential to understand the differences between web 2.0 and web 3.0, and to be aware of the ethical implications of using artificial intelligence (AI) in the web 3.0 space.

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.

Exploring Web 3.0 and AI Ethics

Recently, there have been numerous discussions about 0xSisyphus’ role in the alleged rug pull. Many of the assumptions made lacked factual evidence. 0xSisyphus even 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.

ZachXBT commented that 0xSisyphus was at fault for gross negligence for lying about the Anubis team multisig, and that a civil case may be possible for victims. However, ZachXBT also noted that negligence is very different from stealing money from one’s own project. 0xSisyphus was the only team member speaking with the Department of Homeland Security.

The discussion of 0xSisyphus’ role in the alleged rug pull brings up important topics, such as AI ethics and how to make money in Web 3.0. It is important to understand how Web 3.0 is different from Web 2.0, and to know how to invest in and make money from Web 3.0. Those interested in Web 3.0 should consider how to get involved, and what the best strategies are for investing in the technology.

“Do you think they didn’t take a closer look at him and observe his activity?” asked ZachXBT.

He also indicated that the two people most likely responsible for the AnubisDAO scandal and the loss of funds were two unknown users known only as “Beerus” and “Ersan.”

To understand how to make money in web 3.0, it is important to understand how it differs from web 2.0. Investing in web 3.0 can be a great way to make money, but it is important to know how to get involved and what to look out for. Web 3.0 is a newer version of the internet that is more decentralized and secure than web 2.0. It is also faster and more efficient, and it has the potential to revolutionize the way we use the internet.