kaal:claim:4067783-008

A DAO token sale can be drained at the moment of closing: in the Anubis DAO sale 13597 ETH was removed from the token sale pool and sent to another address as the sale was about to close, and because the launch platform had not been compromised the loss was attributed to an inside rug pull.

Source quote, verbatim
As the sale was about to close, 13597 ETH was removed from the token sale pool and sent to another address. Allegations of a rug pull ensued because the launch platform Copper had not been compromised.
From

Wulf A. Kaal, DAO Fallacies (2022), II.2.a) Insider Abuses, p. 6
https://ssrn.com/abstract=4067783 · source PDF

Cite as

Wulf A. Kaal, DAO Fallacies (2022). SSRN: https://ssrn.com/abstract=4067783

Holds when
Classification

empiricalsupport: evidencedfailure: Token sale pool drain at closefamily: fraud-and-misconductdaosecurities-lawtokenomics

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