Concerns Sparked Over AssangeDAO’s Fund Transfers
SlowMist analysts have raised concerns regarding a 100 ETH transaction from an AssangeDAO address to a recipient linked to the decentralized autonomous organization (DAO) on March 10. The community is expressing worry over a potential “Soft Rug Pull,” highlighting the need for transparency in DAO operations. Questions have been raised about the destination of significant fund transfers, urging stakeholders to remain vigilant.
Addressing Community Apprehensions
A transaction on March 10, 2024, involving the transfer of 100 ETH from AssangeDAO’s multisig address to a new address has triggered unease among community members and stakeholders. The possibility of a “Soft Rug Pull” has emerged, prompting joint efforts by SlowMist and RescuETH Rescue to allay these concerns through a collaborative article. AssangeDAO’s multisig address received a substantial amount of ETH in March 2022 and has since conducted several transfers, leaving a balance of 5,018.59 ETH.
Multiple ETH Transfers
- 16,600 ETH received in March 2022
- 12,000 ETH transferred over two years
- 580.745 ETH to contract address (0xeD2…131) on April 8, 2022
- 34.99 ETH to Kraken and 829.64 ETH to another contract address (0x8a1…262) on May 9, 2022
- 9,750 ETH transferred across 65 transactions from June 8, 2022, to February 16, 2024
- 150 ETH transferred to (0x2f988a4f26280a108a5761a889e63bd7f91d517e) starting January 23, 2024
- 200 ETH transferred to (0x2f988a4f26280a108a5761a889e63bd7f91d517e) on March 6 and 10, 2024
The analysis reveals concentration in two specific addresses: (0x323339bc28028da8cd11b584747ee8ec873616b4) with a history of transfers to Kraken and (0x2f988a4f26280a108a5761a889e63bd7f91d517e) receiving recent large transfers. These transactions indicate a pattern of substantial movement and redistribution of ETH, raising concerns about their purpose and nature. Investors are advised to exercise caution and conduct thorough due diligence given the lack of clarity surrounding AssangeDAO’s intentions.
Scrutiny Intensifies Amid Assange’s Legal Battles
AssangeDAO, established in 2022, gained prominence due to its connection with Julian Assange, the Australian activist behind WikiLeaks. Assange faces legal challenges, including extradition to the US on 18 charges under the Espionage Act and the Computer Fraud and Abuse Act. Supporters established AssangeDAO to support his cause, accumulating over 17,400 ETH in donations for his legal defense fund and awareness campaigns.
Support for Assange’s Legal Defense
Inspired by ConstitutionDAO’s success, AssangeDAO initiated a fundraising campaign on JuiceBox to aid Assange’s legal defense and advocate for free speech rights. The campaign featured NFTs crafted by Assange and Pak, symbolizing his imprisonment, with proceeds directed towards legal defense and advocacy efforts.
On November 8, 2023, AssangeDAO announced that 16 US Congress members signed a letter urging the Attorney General to drop charges against Assange. Despite ongoing legal battles, Assange secured permission from a UK court on March 26 to appeal his extradition to the US.
Hot Take: Stay Vigilant Amidst Uncertainty
As developments unfold surrounding the fund transfers linked to AssangeDAO, it remains essential for stakeholders and community members to stay vigilant and exercise caution. Transparency and clarity in DAO operations are crucial to address concerns and ensure the integrity of financial transactions within the decentralized ecosystem.
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