MonkeDAO Launches Internal Probe into Misappropriation Allegations
CryptoNewsTerminal Staff07 Aug, 2024
MonkeDAO Launches Internal Probe into Misappropriation Allegations
MonkeDAO, the decentralized community for Solana Monkey Business Gen2 NFT holders, has initiated an internal investigation into allegations of misappropriation of validator revenue. The move follows reports that the DAO's treasury funds do not align with validator revenue. As part of the investigation, MonkeDAO will review its financial records and conduct interviews with relevant parties. The DAO is committed to transparency and accountability and has pledged to share its findings publicly. The allegations stem from a discrepancy between the amount of validator revenue reported by staking providers and the funds recorded in the DAO's treasury. This has raised concerns among community members about the potential misuse of funds. MonkeDAO has emphasized that the investigation is in its early stages and it is too early to draw any conclusions. However, the DAO has assured its members that it takes these allegations seriously and is committed to addressing any potential wrongdoing.
