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MonkeDAO, the community behind Solana’s Monkey Business Gen2 NFT collection, has launched an internal probe following allegations of treasury fund discrepancies.
MonkeDAO, the community that oversees <a href="https://crypto.news/tag/solana/" target="_blank" rel="noopener noreferrer nofollow">Solana</a>‘s NFT collection Monkey Business Gen2, has launched an internal probe following allegations concerning discrepancies in its treasury funds. The probe was announced by Ariel Givner, the <a href="https://crypto.news/tag/dao/" target="_blank" rel="noopener noreferrer nofollow">DAO</a>’s acting general counsel, in <a href="https://x.com/GivnerAriel" target="_blank" rel="noopener noreferrer nofollow">an X statement</a> on Aug. 7 addressing the claims.
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 A statement as <a href="https://twitter.com/MonkeDAO?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@MonkeDAO</a>’s acting general counsel: MonkeDAO has been made aware of the recent allegations regarding the MonkeDAO Validator earnings and the discrepancy in the funds allocated to the treasury. We take these claims very seriously and are currently conducting a… <a href="https://t.co/ivkSw2JpXF" target="_blank" rel="noopener noreferrer nofollow">https://t.co/ivkSw2JpXF</a>— Ariel Givner, Esq. (@GivnerAriel) <a href="https://twitter.com/GivnerAriel/status/1820937991650459747?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 6, 2024</a>
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The investigation was triggered by X user @hankobaggins, who <a href="https://x.com/hankobaggins/status/1820918867075452985" target="_blank" rel="noopener noreferrer nofollow">raised concerns</a> over why approximately 586 SOL — or about half of the MonkeDAO validator earnings since December 2023 — had not been allocated to the treasury, sparking apprehension within the community regarding the management of funds.
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 “Our primary goal is to ensure transparency and accountability within our operations. We are committed to providing a detailed explanation and resolving any issues that may have occurred.”
 Ariel Givner
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Givner emphasized that MonkeDAO takes these claims “very seriously,” adding that the DAO is committed to transparency and accountability. The organization aims to resolve the issue promptly and provide a detailed explanation of any financial irregularities, she added.
Launched in 2021, MonkeDAO is a community of crypto investors backing the development of Solana Monkey Business, one of Solana’s pioneering NFT collections. Despite the recent incident, Solana Monkey Business NFT holders remain unfazed, with the price floor for an NFT rising 4% to 21.61 SOL, according to CoinGecko <a href="https://www.coingecko.com/en/nft/solana-monkey-business" target="_blank" rel="noopener noreferrer nofollow">data</a>.
Read more: <a href="https://crypto.news/solana-flips-ethereum-dex-volume-with-55b/" rel="noopener noreferrer nofollow"> Solana flips Ethereum DEX volume with $55b </a>

MonkeDAO launches probe amid allegations over treasury discrepancies

crypto.news

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