# kaal:claim:4067783-008

**Claim.** 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.

**Type.** empirical  **Support.** evidenced

**Holds when.**

- Anubis DAO token sale on the Copper platform, October 2021

**Source quote.**

> 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, page 6

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

**Verify.** sha256 of source PDF `48f1e307cdbbe28c7843f7744d0ba8cf01662f257a53f2066a7a6c7e03a5acec` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202022%20-%20DAO%20Fallacies.pdf

**Failure mode.** Token sale pool drain at close  (family: fraud-and-misconduct)

**Topics.** dao, securities-law, tokenomics

**Keywords.** anubis-dao, token-sale, rug-pull, insider-abuse

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