The Stargate Foundation, together with the FTX liquidators, reported that the DAO’s issuance of the STG token would pose a security issue.
Stargate Foundation, FTX He acted as liquidators voiced their concerns. decentralized organization ( DAO), Stargate’s native Stargate Finance ( STG ) advised him not to issue his token. The liquidators, who made a statement with the chain of events, provided some of the services of such a movement. breach willAnd legal to problems stated that it could lead to from the past example givingliquidators, Alameda of Researchall STGauction for $25 million and in the same year FTXAnd AlamedaHe touched on the issue of hacking their wallets.
Opposes Release of STG Token
With the consensus of the FTX liquidators and the Stargate Foundation, the DAO STGof token issuance ” security at risk can throw ” was emphasized. Moreover stargate foundaitonand FTX liquidators added that the issuance of the STG token could lead to some rule violations and legal issues.
In the light of the events stargate DAO, to perform transfers from potentially dangerous wallets STG token again to publish suggested . But FTX liquidators the proposal refused.
