Bitcoin
Bitcoin (BTC)
$68,087.00 -2.98748
Bitcoin price
Ethereum
Ethereum (ETH)
$3,327.05 -5.23127
Ethereum price
BNB
BNB (BNB)
$603.81 0.18487
BNB price
Solana
Solana (SOL)
$163.47 -6.48985
Solana price
XRP
XRP (XRP)
$0.5748670 -5.90791
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000257 -6.73262
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000062 -16.2462
Pepe price
Bonk
Bonk (BONK)
$0.0000188 -13.68521
Bonk price
Bitcoin
Bitcoin (BTC)
$68,087.00 -2.98748
Bitcoin price
Ethereum
Ethereum (ETH)
$3,327.05 -5.23127
Ethereum price
BNB
BNB (BNB)
$603.81 0.18487
BNB price
Solana
Solana (SOL)
$163.47 -6.48985
Solana price
XRP
XRP (XRP)
$0.5748670 -5.90791
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000257 -6.73262
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000062 -16.2462
Pepe price
Bonk
Bonk (BONK)
$0.0000188 -13.68521
Bonk price
Bitcoin
Bitcoin (BTC)
$68,087.00 -2.98748
Bitcoin price
Ethereum
Ethereum (ETH)
$3,327.05 -5.23127
Ethereum price
BNB
BNB (BNB)
$603.81 0.18487
BNB price
Solana
Solana (SOL)
$163.47 -6.48985
Solana price
XRP
XRP (XRP)
$0.5748670 -5.90791
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000257 -6.73262
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000062 -16.2462
Pepe price
Bonk
Bonk (BONK)
$0.0000188 -13.68521
Bonk price
Bitcoin
Bitcoin (BTC)
$68,087.00 -2.98748
Bitcoin price
Ethereum
Ethereum (ETH)
$3,327.05 -5.23127
Ethereum price
BNB
BNB (BNB)
$603.81 0.18487
BNB price
Solana
Solana (SOL)
$163.47 -6.48985
Solana price
XRP
XRP (XRP)
$0.5748670 -5.90791
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000257 -6.73262
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000062 -16.2462
Pepe price
Bonk
Bonk (BONK)
$0.0000188 -13.68521
Bonk price

AssangeDAO sparks rug pull concerns with suspicious transfers

assangedao-sparks-rug-pull-concerns-with-suspicious-transfers
Edited by
News
AssangeDAO sparks rug pull concerns with suspicious transfers

Transfers from AssangeDAO’s address raise concerns of possible rug pulls, prompting scrutiny over transparency and financial practices.

Having launched in 2022, AssangeDAO quickly gained prominence for its affiliation with Julian Assange, an Australian hacktivist known for founding WikiLeaks, a platform dedicated to publishing classified information from anonymous sources.

With Assange facing extradition following a UK High Court ruling in 2021, supporters formed AssangeDAO, aiming to advocate for his release. The campaign raised over 17,400 ETH in crypto donations, including a contribution from Ethereum co-founder Vitalik Buterin.

However, recent on-chain transfers have cast doubt on AssangeDAO’s transparency. On Mar. 10 a 100 ETH transaction from AssangeDAO’s address sparked concerns of a potential “soft rug pull,” as the recipient of the funds appeared to be “directly linked to the decentralized autonomous organization,” analysts at SlowMist revealed in a recent blog post.

AssangeDAO sparks rug pull concerns with suspicious transfers - 1
The process of an AssangeDAO-related address distributing funds through a smart contract | Source: Medium

An analysis conducted jointly by SlowMist and RescuETH revealed that starting from 2022, AssangeDAO transferred the majority of its funds to various addresses, including several deposit addresses of crypto exchanges like Kraken and Coinbase. Additionally, the organization sent over 1,000 Ethereum (ETH) to multiple unknown smart contracts, disseminating the funds across multiple addresses.

SlowMist analysts emphasized the need for transparency within DAO operations, noting that the recent significant fund transfers “have raised many questions, particularly regarding the ultimate destination of the funds.”

The blockchain forensics firm notes that while the true intentions behind AssangeDAO “remain unknown,” investors are advised to exercise caution and conduct thorough due diligence before engaging with the organization. As of press time, AssangeDAO has not issued any public statements regarding the matter.

Follow Us on Google News