Zodiac DAO Rug Pull

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Zodiac DAO

The ZodiacDAO was a collateralized reserve currency. The liquidity, website, Twitter, Medium, and Telegram have disappeared. There is limited informatino on how much was lost and no apparent recovery plan.

This is a global/international case not involving a specific country.

About Zodiac DAO

"Zodiac is a belt of the heavens within about 8° either side of the ecliptic, including all apparent positions of the sun, moon, and most familiar planets. It is divided into twelve equal divisions or signs which each carry its deep meanings."

"ZodiacDAO is a DeFi 2.0+ decentralized reverse currency protocol based on the $ZD token. We use the POL (Protocol Owned Liquidity) to make sure that $ZD is back into ZodiacDAO treasury stable and sufficiently."

"Singapore, Singapore–(Newsfile Corp. – January 2, 2022) – ZodiacDAO Launches an advanced OlympusDAO fork containing Rebased, NFT, GameFi and Web3. Zodiac is a decentralized protocol based on the $ZD token – collateralized and backed by the Zodiac DAO. ZD will be the reserve currency on the BSC network. In order to maintain price stability, Zodiac will use the Algorithmic Reserve Currency algorithm and will also be supported by the POL (Protocol Owned Liquidity) for the most sufficiency. Zodiac will be community owned; $ZD holders decide on Zodiac’s future via on-chain voting and HODL-ing activities."

"Their GameFi is currently under development and anti-inflation will be applied as well, so people can play, earn, and rest assured about the stable price of ZD along with their great marketing strategy."

"We’ve received inbounds that may indicate high risks regarding to a project named Zodiac DAO. The twitter account is gone and we wish the community DYOR enough before interacting with the dApp."

"#zodiacdao has been identified as a #rugpull. Their twitter account @zodiacdao_bep20 has been deactivated. The team is currently looking into it. DO NOT interact with this project!"

This is a global/international case not involving a specific country.

The background of the exchange platform, service, or individuals involved, as it would have been seen or understood at the time of the events.

Include:

• Known history of when and how the service was started.
• What problems does the company or service claim to solve?
• What marketing materials were used by the firm or business?
• Audits performed, and excerpts that may have been included.
• Business registration documents shown (fake or legitimate).
• How were people recruited to participate?
• Public warnings and announcements prior to the event.

Don't Include:

• Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.
• Anything that wasn't reasonably knowable at the time of the event.

There could be more than one section here. If the same platform is involved with multiple incidents, then it can be linked to a main article page.

The Reality

This sections is included if a case involved deception or information that was unknown at the time. Examples include:

• When the service was actually started (if different than the "official story").
• Who actually ran a service and their own personal history.
• How the service was structured behind the scenes. (For example, there was no "trading bot".)
• Details of what audits reported and how vulnerabilities were missed during auditing.

What Happened

The specific events of the loss and how it came about. What actually happened to cause the loss and some of the events leading up to it.

Key Event Timeline - Zodiac DAO Rug Pull

Date	Event	Description
January 4th, 2022 12:00:00 AM	Main Event	Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.

Total Amount Lost

The total amount lost is unknown.

How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?

Immediate Reactions

How did the various parties involved (firm, platform, management, and/or affected individual(s)) deal with the events? Were services shut down? Were announcements made? Were groups formed?

Ultimate Outcome

What was the end result? Was any investigation done? Were any individuals prosecuted? Was there a lawsuit? Was any tracing done?

Total Amount Recovered

There do not appear to have been any funds recovered in this case.

What funds were recovered? What funds were reimbursed for those affected users?

Ongoing Developments

What parts of this case are still remaining to be concluded?

Prevention Policies

Which policies could have prevented this event from happening?