ChainCatcher news, the Aragon Association under the DAO management platform Aragon has announced its dissolution. ANT holders can exchange ANT for ETH at a fixed rate of 0.0025376 ETH/ANT.To this end, the Aragon Association is deploying 86,343 ETH to the redemption contract on the Ethereum mainnet. Due to legal restrictions, particularly regulatory risks arising from token speculation and market manipulation, this decision cannot be submitted to a public vote. In the future, the remaining funds will be used for product development to continue fulfilling its mission within a product-centric structure.

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.

ChainCatcher news, regarding the Aragon Association's claim that "investors like Arca initiated a 51% attack," Arca's Chief Investment Officer Jeff Dorman responded in a recent blog post, stating: "The narrative of a 51% attack is actually incorrect; we are token holders, and we want to use our tokens to participate in governance. Arca's staked tokens promote active participation from token holders."Additionally, in response to the Aragon Association's claim that Arca and others dissolved the DAO organization, Arca stated that it did not attempt to dissolve Aragon, and that Arca has not invested in Invictus, Rook, Rome, or Temple, where the Fei Labs team proposed the dissolution themselves, and the Rook team initially proposed splitting the Incubator DAO. These are all efforts by token holders to achieve the best outcomes.Previous news, the Aragon Association canceled the voting rights plan for ANT token holders regarding the allocation of a $200 million treasury. They stated that the cancellation was to ensure the safety of the ANT price in response to the "51% attack" initiated by investors, including Arca. (Source link)

ChainCatcher news, the Swiss entity of the DAO solution provider Aragon, the Aragon Association, has canceled the voting rights plan for ANT token holders regarding the management of a $200 million treasury. It stated that the cancellation of the plan is to ensure the safety of the ANT price in response to a "51% attack" initiated by investors, including Arca.The Aragon Association will repurpose the Aragon DAO as part of a new grant program to fulfill its fiduciary responsibilities. (CoinDesk)