Harry

AssangeDAO

Foundation

AssangeDAO member Silke Noa said in an X post that out of 16,593 Ether, an estimated 11,000 ETH worth $37 million has been spent on legal defense and campaigning by AssangeDAO’s The Clock.
To free Assange, Noa explained that the 16,593 Ether (<a href="https://cointelegraph.com/ethereum-price">ETH</a>) allocation was administered by the Wau Holland Foundation “out of their Safe.global multisig <a href="https://app.safe.global/home?safe=eth:0x5DAEA26517788b1c0DDB0200c6Fa6d8248076143" target="_blank" rel="noopener nofollow">wallet</a> address.”
<blockquote data-ct-non-breakable="true">
 “Arguably, there were security reasons that prevented full transparency on the fund allocation to not prejudice Julian’s case in the past. But now it is time for Wau Holland Foundation to provide a detailed accounting of how the funds were allocated, as I have previously urged repeatedly.”<a href="https://x.com/silkenoa/status/1805529469609722354" target="_blank" rel="noopener nofollow"></a>
</blockquote>
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-06/d69563a5-a9aa-43ca-9c5c-7ee74baede1d.png" alt="" title="">
 <figcaption style="text-align: center;">
 Source: <a href="https://x.com/silkenoa/status/1805529464056446980" target="_blank" rel="noopener nofollow">Silke Noa</a>
 </figcaption>
</figure>
Assange, an Australian journalist and activist, founded WikiLeaks, a platform that publishes classified and sensitive documents. He has been imprisoned since April 2019.
<h2 data-ct-non-breakable="true" id="assangedao-s-efforts-through-the-years">AssangeDAO's efforts through the years</h2>
Speaking with Cointelegraph, Harry Halpin, CEO of Nym, explained that:
<blockquote data-ct-non-breakable="true">
 “AssangeDAO was started by friends of Julian like myself and Amir Taaki after we saw the amount of money being raised for tokenized NFTs like ConstitutionDAO.”
</blockquote>
Halpin explained that Nym “knew Julian’s legal team were running out of money,” due to Assange’s dire situation, they decided this “type of fund-raising could be used for his legal defense.”
Joshua Bate, core team member of AssangeDAO told Cointelegraph:
<blockquote data-ct-non-breakable="true">
 “The DAO was formed by Assange’s friends and family, alongside other participants recruited from the Web3 space, to raise money for Julian’s defence using novel fundraising mechanisms that were popular at the time."
</blockquote>
Bate explained that the money raised was crowdsourced from “onchain and cypherpunk communities.” He said this created awareness of the situation and prompted decentralized community action.
<h2 data-ct-non-breakable="true" id="the-pak-nft">The Pak NFT</h2>
Bate informed Cointelegraph that the funds raised onchain were used to purchase a unique one-of-one non-fungible token (NFT), which was created in collaboration with Assange himself.
<blockquote data-ct-non-breakable="true">
 “All proceeds from the sale of that NFT were then sent to Wau Holland Foundation’s onchain address and periodically off-ramped to pay for legal fees. The foundation’s innovative spirit allowed this type of onchain activism to have an impact in the real world.”
</blockquote>
Another core team AssangeDAO member responsible for the initial design of AssangeDAO’s governance structure and work spoke with Cointelegraph about the Pak NFT:
<blockquote data-ct-non-breakable="true">
 “In some sense, perhaps this event will reunite the community again. Pak’s NFT is going to go to “0” when Assange becomes free, I believe. This DAO owns that NFT.”
</blockquote>
The AssangeDAO core team member explained that this could be considered the first historical event in which an NFT community contributed to releasing someone from prison.
However, they state that until “everything is all settled,” there can be no celebration.

AssangeDAO member Silke Noa says $37M spent to rescue Assange

Table of Contents

Cointelegraph

Other articles published on Jun 25, 2024

Mt. Gox to Begin Repaying Defunct Users in Bitcoin and Bitcoin Cash Starting July 2024

Ronin’s zkEVM Testnet Goes LIVE, Integrates Polygon’s CDK

The Importance of Lifelong Learning for Leaders: Lessons from WEWE Global

Institutional Investors To Increase Crypto Investments Over The Next 3 Years

Crypto whales trigger meme coin frenzy amid Bitcoin slump

HIVE Digital Posts 8% Revenue Growth, Closes Fiscal Year with $141M in Bitcoin Holdings

Join our free newsletter for daily crypto updates!