1/ Members of the @hector_network community have recently expressed concern that they believe the redemption contract was exploited earlier for $2.7m.
A cursory investigation of the facts๐งต๐
INSUR has burned hundreds of thousands while achieving no growth and misusing funds, as well as going back on investment promises and governance. It is time for them to do the right thing and shutdown.
We are very happy to have won by a gap of 20% the most recent vote (in spite of against voters using accelerated vesting tokens). We hope to fight for a resolution that is advantageous to ANT holders and redeemers
@dcfgod@AragonProject The Aragon team have no basis to block this, any excuses they use are hollow. This has not stopped them from indirectly threatening Patagon as the enforcer of the DAO in this case, and further shows their desperation
Today, the AA unilaterally shutdown the ANT token, the gov token of Aragon, without a vote. They have given a redemption offer of ~95% of BV, keeping $11M for โobligationsโ, leaving holders in the cold. This cannot be tolerated ๐๐งต
10/ We believe the shutdown process is harmful to investors and illegal, enriching people who have obliterated investor value and rewarding harmful actors. This is a simple case, and we are confident we will win it
Today, the AA unilaterally shutdown the ANT token, the gov token of Aragon, without a vote. They have given a redemption offer of ~95% of BV, keeping $11M for โobligationsโ, leaving holders in the cold. This cannot be tolerated ๐๐งต
9/ This does not mean there arenโt people in Aragon that wanted to do the right thing, but clearly greed twisted internal decision making. With this in mind, Patagon will be leading a legal case in the coming weeks