The Aragon Association has been accused of considering the sale of the project and will release a transparency report this month in response

2023-08-11 11:37:14
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According to ChainCatcher's message, a screenshot of a conversation between an employee of the investment firm Arca and Aragon shows that the Aragon Association stated in a 24-page investigative report written by the cryptocurrency trading company Patagon Management LLC in June that it was considering "selling the project" to an undisclosed bidder at an unknown price.

The undated report accuses Aragon of missteps over the years, including squandering its $180 million worth of crypto assets, and questions whether the organization complies with Swiss nonprofit laws.

In response, an Aragon spokesperson neither confirmed nor denied the discussions about the sale and denied the "unverified allegations" in the report, stating that a transparency report will be released this month to address these claims.

It is reported that in May of this year, Aragon canceled plans to hand over control of its treasury to token holders due to concerns about the influence of activist investors.

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