AzukiDAO proposes to recover 20,000 ETH from Azuki founder ‘Zagabond’ By Cointelegraph
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A new decentralized autonomous organization (DAO) purportedly made up of a “dedicated group of Azuki enthusiasts” has launched a proposal to claw back 20,000 Ether (ETH) from Zagabond, the founder of the blue-chip nonfungible token (NFT) brand Azuki.
The proposal, initiated on July 2, outlines hiring a lawyer to take legal action against Zagabond, whose real name is Alex Xu, for allegedly “rugging” multiple projects. The clawback seeks $39 million worth of ETH earned from the launch of Azuki’s controversial “Elementals” NFT collection. It proposes allocating any funds retrieved back to the DAO to “promote the growth of the entire Azuki community.”
What is AzukiDAO?
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A new decentralized autonomous organization (DAO) purportedly made up of a “dedicated group of Azuki enthusiasts” has launched a proposal to claw back 20,000 Ether (ETH) from Zagabond, the founder of the blue-chip nonfungible token (NFT) brand Azuki.
The proposal, initiated on July 2, outlines hiring a lawyer to take legal action against Zagabond, whose real name is Alex Xu, for allegedly “rugging” multiple projects. The clawback seeks $39 million worth of ETH earned from the launch of Azuki’s controversial “Elementals” NFT collection. It proposes allocating any funds retrieved back to the DAO to “promote the growth of the entire Azuki community.”
What is AzukiDAO?
Continue Reading on Coin Telegraph
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