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FatManHashflow reposted
The CFTC just won a court case against a DAO and "as members" some founders are now on the hook for $643,542, and the DAO's websites and ops have been ordered to shut down. Let's go into what this means for DAOs going forward 🪡👇 cftc.gov/PressRoom/Pres…
FatManHashflow reposted
Hashflow - a DeFi exchange - has rugged early supporters of their tokens through implementation of a DAO proposal authored by their CTO. At the time of writing, an estimated 7-8 figures USD worth of locked $HFT tokens belonging to users have been voided to the DAO treasury.
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