shawa16z

Insider trading allegations just entered the DAO chat. 💀

The founder of daos.fun accuses a core member of baoskee of having known in advance about the plan to rename ai16z to avoid trademark issues, but instead of raising the issue via a Snapshot vote as promised, the person was allegedly selling a large amount of tokens.

According to Shaw, the alleged profits amount to around $6.6M, with on-chain transactions provided as evidence.

baoskee has denied the claims and called Shaw “completely insane.”
Shaw: “I have the on-chain receipts.”
baoskee: “Bro is completely insane.”
Blockchain: “I literally have the receipts.” 💀

These are still just allegations; it’s not a conclusion that insider trading actually took place.

If the on-chain transactions really prove that the tokens were sold before the information was released, how do you think a DAO should handle insider trading? 👀

#shawa16z #ai16z