- Serious accusations of engagement in pump and dump activities are gaining momentum against Kevin Pawlak, the former OpenSea employee.
- As per NFT Ethics, a news outlet focused on investigative reporting about NFT projects, it is alleged that Pawlak has taken part in “multiple highly questionable business transactions carried out by Pawlak pseudonyms “@0xSisyphus” and “0xMagellan.”
Connections Made
The allegation emerged last month after NFT Ethics conducted a thorough investigation into the X account 0xSisyphus, linking it to Pawlak. They compared several transactions, along with the timestamps of pawlak.eth and sisyphus.eth, to arrive at this conclusion. Utilizing Etherscan data and screenshots comparing the activities of the two addresses, NFT Ethics stated,
“…the following timestamps perfectly match up and given the very limited activity of pawlak.eth, we have now accounted for most of their actions that are perfectly in line with sisyphus.eth.”
NFT Ethics went on to say that multiple undisclosed sources have verified Pawlak’s identity as the person associated with the Sisyphus account. Further, they asserted that Pawlak played a questionable part in the $60 million AnubisDAO rugpull in October 2021.
Anubis Rugpull Theory
— BlockNews.com (@blocknewsdotcom) October 9, 2023
BREAKING: Former OpenSea Ventures head Kevin Pawlak faces allegations over a $60 million pump and dump scheme.@NFTethics ties Pawlak to pseudonymous identity "@0xSisyphus," indicating his involvement in the infamous $60 million AnubisDAO rug pull
Transactional data and… pic.twitter.com/fJwdS7yWLo
In light of all this new information, NFT Ethics decided to post a thread alleging that Sisyphus was the mastermind behind the premeditated rug pull of Anubis. They mentioned that he hyped the project on Discord shortly before executing the rug, making numerous claims to boost confidence in the project. However, all along, he had the intent of draining funds and framing Ethan Cheung. Cheung obviously presented a different side of the story, one that several other individuals can corroborate.
Evidence Exposed
After conducting a deeper dive, NFT Ethics shared screenshots of chats from the Anubis team on October 5th. They concluded that Sisyphus was the brains and director behind essentially everything within the Anubis project. They added further screenshots to support their claims. It is important to note that much of this is merely allegations; however, a journalist at The Block, Tim Copeland, stated that he could confirm Sisyphus’s identity via undisclosed sources.
