Aragon Foundationhas withdrawn its plans to give ANT holders voting rights over the DAO following the attack.
Aragon, an open-source project designed to launch decentralized autonomous organizations (DAOs), has canceled plans to give ANT token holders a vote on the future direction of the organization. By redesigning the Aragon DAO as part of a new grant program, the Switzerland-based Aragon Foundation, which oversees Aragon’s administration, said it is fulfilling its fiduciary duty to secure its treasury and its overall mission.
Aragon: Attackers Linked to Rook DAO Attack
Aragon FoundationThis decision was made by the recently launched Aragon DAO. ANTIt got it after an attack by a group called Risk-Free Value Raiders, which sought to manipulate its use as a tool for financial gain.
According to Aragon’s blog post, the RFV Raiders occurred in early April. Rook DAO linked to the attack. Aragon, raiders’ asset management firm Arca Capital Managementclaims to be activist investors who call themselves crypto vultures.
A blog post shared by the company said: “The Aragonese treasury was established with the clear mission of supporting developers to grow decentralized governance infrastructure.”
AragonThe Twitter post of May 9, which clarified the current situation of Aragon, 300,000 USDfirst payment of Aragon Grants DAO He announced that he transferred to . Aragon states that the funds currently held by the DAO will remain on-chain and the wrapped ANT ( WANT) claims to be managed by its owners.
Arca Capital made a partial statement about the 51 percent attack. Arca claimed in a statement that it was necessary to allow token holders to find creative solutions to add value to the token, while also allowing Aragon to continue to build important DAO public goods.
The decision to reuse Aragon’s DAO was made after the team announced that it would further collaborate with popular Ethereum scaling organization Polygon Labs.
