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Compound Foundation accused of ‘misappropriating’ DAO funds

The Compound Foundation has been accused of misusing funds to boost its voting power on two key proposals.

Single address votes 99.9% to drain BONK treasury of $21M

A vote was put to BONK holders last week, with one voter making up 99.9% of the turnout and sending 4.4T tokens to an unknown address.

Last week, the Ethereum Name Service DAO faced an attempt to “steal its treasury,” and the Ethereum Foundation announced a 20% staff cut.

The DAO behind notorious privacy protocol Tornado Cash has received a proposal that would replace key addresses with spoofed lookalikes.

A group known for targeting DAOs whose token trades below its net asset value has set its sights on Gnosis DAO.