An interview with a DAO money grabber, how they are draining treasuries

Submit
daotimes.com

An interview with a DAO money grabber, how they are draining treasuries

AI summary of the linked article

An anonymous self-described member of a group of "money grabbers" tells the publication how they extract funds from DAO treasuries, in an interview conducted after the publication's earlier article on the dark side of DAOs. He says the group builds trust with admins, social media managers and delegates, then pushes low-effort proposals and seeks admin roles that provide a regular salary. He claims the group has earned over a million dollars in over a year and aims to control one or two treasuries. He also says that DAOs are inherently vulnerable because they rely on human trust.

No comments yetWhat caught your eye? Start the discussion.