Aragon, an open-source framework designed to launch decentralized autonomous organizations (DAOs), has pulled plans for its native Aragon (ANT) token holders to be given voting rights over the future direction of the organization.
The Aragon Association, a Switzerland-based organization that oversees the management of Aragon, said in a May 9 tweet thait exercised its “fiduciary duty” to secure its treasury and overall mission by “repurposing the Aragon DAO as part of a new grants program.”
The decision was made after the recently launched Aragon DAO suffered a 51% attack at the hands of a group called the “Risk Free Value (RFV) Raiders,” who were seeking to manipulate the use of ANT as a means to achieve financial gain.
Today, the Aragon Association acted on its fiduciary duty to secure its treasury by repurposing the Aragon DAO into a grants program.
This is a response to a coordinated attack by the group known as “Risk Free Value Raiders” who took down Rook DAO. https://t.co/tVp9QXUUsx
— Aragon (@AragonProject) May 9, 2023
According to a blog post from Aragon, the RFV Raiders are linked to the recent attack and liquidation of Rook DAO, which occurred in early April. Aragon alleges that the Raiders are activist investors from the asset…
