— Abracadabra, DAO
Abracadabra breaks its DAO to shut down protocol
Abracadabra DAO, which once held over $6B in TVL, is to be shuttered after a second vote on a “wind down” proposal with reduced quorum.
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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.
DeFi drama: ENS governance battle, EF cuts and Gnosis reboot
Last week, the Ethereum Name Service DAO faced an attempt to “steal its treasury,” and the Ethereum Foundation announced a 20% staff cut.
Tornado Cash DAO faces ‘malicious’ governance attack, researchers warn
The DAO behind notorious privacy protocol Tornado Cash has received a proposal that would replace key addresses with spoofed lookalikes.
‘RFV Raiders’ target Gnosis DAO for treasury redemption proposal
A group known for targeting DAOs whose token trades below its net asset value has set its sights on Gnosis DAO.
From $60M failure to crypto ‘scam cop’: The reinvention of 0xSisyphus
Unpunished rug-pullers rebrand as moralizing scam cops and key opinion leaders while their victims stay wrecked.
Inside DeFi 008: A 99.93% loss, and are DAOs done?
Today, we look at a gung-ho swap which lost the user almost $50M, the move away from DAOs, and some short snippets from the security space.
Aave developer BDG Labs to ‘cease contribution’ after DAO drama
The latest in a string of Aave DAO disputes sees BGD Labs quit, citing Aave Labs’ behavior around v4 and centralization concerns.
Inside DeFi 004: ✨ DAO dramas reaching resolution?
It's been a big week in DeFi. BlackRock's flirting with Uniswap and the relationship between Aave Labs and its DAO may be on the mend.