{"id":89007,"date":"2024-08-07T13:25:35","date_gmt":"2024-08-07T17:25:35","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=89007"},"modified":"2024-08-07T13:29:10","modified_gmt":"2024-08-07T17:29:10","slug":"monkedao-initiates-internal-probe-over-revenue","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/monkedao-initiates-internal-probe-over-revenue\/","title":{"rendered":"MonkeDAO Initiates Internal Probe over Revenue"},"content":{"rendered":"\n

Solana's Monkey Business Gen2 NFT collection organizer, MonkeDAO, has launched an internal probe over treasury money inequalities<\/a>.<\/p>\n\n\n\n

\"MonkeDAO
MonkeDAO Initiates Internal Investigation over Revenue <\/figcaption><\/figure>\n\n\n\n

The community that manages Solana's NFT collection\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>, MonkeDAO, has opened an internal investigation into claims of irregularities in its treasury money. <\/p>\n\n\n\n

The DAO's acting general counsel, Ariel Givner, revealed the investigation in a statement on August 7 in response to the allegations on X.\u00a0<\/p>\n\n\n\n

\n

A statement as @MonkeDAO<\/use><\/svg><\/span><\/a>\u2019s 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\u2026 https:\/\/t.co\/ivkSw2JpXF<\/use><\/svg><\/span><\/a><\/p>— Ariel Givner (@GivnerAriel) August 6, 2024<\/use><\/svg><\/span><\/a><\/blockquote>

The probe was started by X user @hankobaggins, who expressed concerns to the community about the handling of cash after pointing out that 586 SOL, or about half of the MonkeDAO validator revenue since December 2023, had not been transferred to the treasury. As Ariel Givner put it: <\/p>\n\n\n\n

\n

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.”<\/p>\n<\/blockquote>\n\n\n\n

Givner underlined that MonkeDAO takes these accusations “very seriously,” stressing that accountability and transparency are essential to the DAO. <\/p>\n\n\n\n

She mentioned that the organization hopes to address the matter quickly and offer a thorough explanation of any financial irregularities<\/a>.<\/p>\n\n\n\n

MonkeDAO is a group of cryptocurrency investors founded in 2021 and supports the growth of Solana Monkey Business, one of Solana's original NFT collections. <\/p>\n\n\n\n

NFT holders at Solana Monkey Business are unaffected by the current incident; CoinGecko data<\/a> shows that the price floor for an NFT increased by 4% to 21.61 SOL.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Solana’s Monkey Business Gen2 NFT collection organizer, MonkeDAO, has launched an internal probe over treasury money inequalities. The community that manages Solana’s NFT collection , MonkeDAO, has opened an internal investigation into claims of irregularities in its treasury money. The DAO’s acting general counsel, Ariel Givner, revealed the investigation in a statement on August 7 […]<\/p>\n","protected":false},"author":43,"featured_media":89009,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[21168,147,13156],"class_list":["post-89007","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-monkedao","tag-nft","tag-probe"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/08\/croc_1723050372557-1.jpeg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/89007","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=89007"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/89007\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/89009"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=89007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=89007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=89007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}