Analysts at SlowMist have voiced concerns about a potential “soft rug pull” that occurred on March 10, involving a 100 Ether transaction from an AssangeDAO address to a recipient apparently linked to the decentralized autonomous organization (DAO).
SlowMist emphasized the uncertainty surrounding the true intentions of AssangeDAO, urging investors to exercise caution and thoroughly research the organization before engaging with it.
Established in 2022, AssangeDAO gained prominence for its advocacy for the freedom of Julian Assange, the founder of WikiLeaks. It garnered significant cryptocurrency contributions, including a donation from Ethereum co-founder Vitalik Buterin.
AssangeDAO aimed to utilize the raised funds to bid on a unique non-fungible token (NFT) called “Censored” by digital artist Pak in collaboration with Assange. The proceeds were intended for Assange’s defense fund and awareness campaigns against his extradition to the United States.
Analysis revealed that AssangeDAO transferred a substantial portion of its funds to various addresses, including those associated with cryptocurrency exchanges like Kraken and Coinbase. Additionally, over 1,000 Ether was transferred to unidentified smart contracts, raising transparency concerns.
SlowMist stressed the necessity of transparency in DAO operations, particularly regarding fund movements. The lack of public statements from AssangeDAO regarding the transactions raised further questions about the destination of the funds.
AssangeDAO’s advocacy efforts led to significant developments, including a letter signed by 16 members of the U.S. Congress urging the Attorney General to drop charges against Assange. Moreover, Assange was granted permission to appeal his extradition to the United States by a U.K. court on March 26, 2024.
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