Blu3 DAO founder exposed for misappropriating over 1 million dollars in DAO donation funds

2022-10-15 13:31:36
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ChainCatcher news, according to developers from Fuel Labs, the two founders of Blu3 DAO have misappropriated over $1 million of DAO donation funds to create personal wealth for themselves and have used their positions to undermine DAO rules. Community discussion information indicates that the two founders of Blu3 DAO did not separate their personal finances from the DAO's finances and continued to solicit donations after receiving the $1 million.

It is reported that Blu3 DAO is an education-focused DAO based on Harmony, with the mission of enabling women to learn and develop their careers in the Web3 space to achieve financial freedom. (source link)

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