Future

MonkeDAO

Block

<ul>
 <li>MonkeDAO faces allegations of misallocated validator earnings, totaling 586 SOL ($89,200).</li>  
 <li>MonkeDAO's counsel pledges transparency and a thorough investigation.</li>  
 <li>Community concerns highlight the importance of accountability in decentralized organizations.</li> 
</ul>  
<p>Allegations of a large disparity in validator earnings have MonkeDAO under investigation. The central concern is allegations that, out of the DAO's validator earnings from December 2023, around half, 566 SOL, about $89,200 at current rates, were diverted to an operator instead of the DAO's Treasury. X user Hanko (@hankoaggins), a Solana validator for BanditoDAO, exposed these claims.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/GivnerAriel/status/1820937991650459747
 </div>
</figure>  
<h2 class="wp-block-heading" id="h-claims-and-support-documentation"><strong>Claims and Support Documentation</strong></h2>  
<p>Hanko attached a list of transactions that happened between Crypt0xG and MonkeDAO validators. This shows that money meant for the DAO's treasury instead went&nbsp; to an operator. The Block has yet not heard anything but has contacted Crypt0xG for a reply. This lack of reaction accentuates the doubts and worries about the matter.</p>  
<p>MonkeDAO's counsel Givner responded to these accusations stressing the DAO's dedication to openness and responsibility. Givner reassured the society that they are committed to providing a thorough justification and fixing any possible problems. The statement seeks to reassure members and stakeholders of MonkeDAO of their dedication to quickly and honestly handling these issues.</p>  
<h2 class="wp-block-heading" id="h-community-issues"><strong>Community Issues</strong></h2>  
<p>Over the claimed disparity, the MonkeDAO community <a href="https://cryptonewsland.com/monkedao-to-acquire-solana-monkey-business-game-changer-for-nft-industry/" target="_blank" rel="noopener noreferrer nofollow">has voiced</a> major concern. Apart from the financial consequences, the community is concerned about the possible influence on the DAO's reputation and the dependability of its activities.&nbsp;</p>  
<p>This scenario emphasizes the need for openness and responsibility inside dispersed companies. As such, members of MonkeDAO as well as the larger crypto community will be closely observing their activities in the next few days.</p>   
<p>The post <a href="https://cryptonewsland.com/monkedao-earnings-discrepancy-exposed-future-of-dao-transparency-at-stake/" rel="noopener noreferrer nofollow">MonkeDAO Earnings Discrepancy Exposed, Future of DAO Transparency at Stake</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

MonkeDAO Earnings Discrepancy Exposed, Future of DAO Transparency at Stake

Table of Contents

Crypto News Land

Other articles published on Aug 7, 2024

Here’s the Altcoins Developers Focused Most on During the Big Drop: Top Spot Changed

Bitcoin Faces Death Cross Formation

Hong Kong’s digital bank Mox ventures into Bitcoin and Ethereum ETFs

Grayscale Expands Investment Products with Bittensor and Sui Trusts

Here are the Altcoins that Withstood the Recent Crash and Are Preparing for the Next Bullish Move!

BRETT Price Recovers 35% After Major Market Sell-Off, What’s Ahead?

Join our free newsletter for daily crypto updates!