SlowMist analysts have raised concerns over a 100 ETH transaction from an AssangeDAO address to a recipient linked to the decentralized autonomous organization (DAO) on March 10. Community members have expressed fears of a potential “Soft Rug Pull” and the analysts emphasize the importance of transparency in DAO operations. Recent transactions from AssangeDAO have sparked intense debate, prompting collaborative efforts between SlowMist and RescuETH Rescue to address these concerns in a joint article. The article reveals that AssangeDAO’s multisig address received 16,600 ETH in March 2022 and has transferred nearly 12,000 ETH over two years, leaving a balance of 5,018.59 ETH. Further transfers to various addresses are detailed, raising questions about the nature and purpose of these transactions.
AssangeDAO, established in 2022, gained prominence due to its association with Julian Assange, the Australian activist behind WikiLeaks. Assange is wanted in the US on multiple charges and faces exradition following a UK High Court ruling. Supporters established AssangeDAO to champion his cause, raising over 17,400 ETH in cryptocurrency for his legal defense fund. Inspired by the success of ConstitutionDAO, AssangeDAO initiated a fundraising campaign on JuiceBox to support Assange’s legal defense and raise awareness about free speech issues. The campaign bid on an NFT titled “Clock 1/1” by Assange and Pak, symbolizing his imprisonment period, with the proceeds intended for his legal defense and advocacy efforts. Additionally, in November 2023, 16 members of the US Congress signed a letter urging the Attorney General to drop the charges against Assange.
The recent fund transfers from AssangeDAO have sparked concerns within the crypto community, especially among stakeholders of the organization. The significant movement of ETH from the multisig address to various other addresses has led to speculations about the intent behind these transactions. A closer look at the addresses reveals a pattern of significant movement and redistribution of ETH, raising further questions about the organization’s activities. While the true intentions of AssangeDAO remain unclear, investors are cautioned to approach the organization with caution and conduct thorough due diligence before engaging with them. To date, AssangeDAO has not issued any public statements regarding these developments, adding to the mystery surrounding the organization.
The analysis of the transactions associated with AssangeDAO shows a concentration in two specific addresses, each with a history of transfers to different destinations. The concerns around these transactions have led to a deeper investigation into the nature and purpose of these fund transfers, particularly with regards to their destination and potential impact on the organization. Community members are encouraged to remain vigilant and exercise caution when dealing with organizations like AssangeDAO, especially in light of the lack of transparency surrounding recent developments. The need for greater transparency in DAO operations is emphasized, highlighting the importance of clear communication and accountability in handling funds and resources within these decentralized entities.
AssangeDAO’s involvement in supporting Julian Assange’s legal battles and advocacy for free speech has drawn attention to the organization and its activities. The fundraising campaigns initiated by AssangeDAO to support Assange’s legal defense fund have garnered significant support, reflecting the importance of the cause and the impact it has on various stakeholders. The recent developments regarding Assange’s extradition appeal and the concerns raised over fund transfers from AssangeDAO have further elevated the profile of the organization. As the crypto community continues to scrutinize these transactions and raise questions about transparency and accountability, the future of AssangeDAO and its mission remain uncertain, requiring further clarification from the organization and its leadership to address concerns and maintain trust among its supporters.
