DAO

Bybit proposes to request the ParaSwap DAO to return the fees obtained from the hacker exchange

ChainCatcher news, according to Cointelegraph, the cryptocurrency exchange Bybit has confirmed that it has initiated a proposal requesting the decentralized finance (DeFi) protocol ParaSwap to return the transaction fees generated from trading with digital assets stolen from the exchange by the Lazarus hacker group.On March 4, a proposal was published on the ParaSwap decentralized autonomous organization (DAO) forum, requesting the freezing and return of 44.67 wETH worth nearly $100,000. The proposal initially raised skepticism, with several DAO members demanding verification of its origin. Bybit posted a verification message on its official X account on March 5, confirming that the proposal was initiated by them.This proposal for fund return sparked intense discussions among DAO members. DeFi researcher and ParaSwap DAO representative Ignas pointed out that profiting from a hacker attack gives a "bad image" to the DAO, and returning the funds would demonstrate support for industry peers. He added that retaining these funds could attract regulatory scrutiny and legal troubles. However, he also warned that refunds would set a dangerous precedent for DeFi: "Code is law. The DAO legally earned the fees through smart contracts. If we return the funds now, what happens in similar situations in the future? This would set a dangerous precedent."Opinions among ParaSwap DAO members are divided, with some supporting conditional refunds of the fees, while others voted against the refund. DAO member SEED Gov proposed three possible courses of action: full refund, rejection of the request, or negotiating a structured refund that includes retaining 10% as a bounty, consistent with Bybit's existing bug bounty program.

HTX DAO Ambassador Molly: $HTX has achieved donations and burns of 95.22 million dollars, which will strengthen decentralized governance

ChainCatcher news, HTX DAO ambassador Molly (Huobi HTX Liu Ye) was invited to attend the "Golden Star Sharing Session · Big 'Voice' Release" themed private meeting co-hosted by Jinse Finance and Twinkle, together with HTX DAO and OpenZK.At the meeting, Molly introduced the significant achievements of HTX DAO over the past year: $HTX has successfully been listed on 28 mainstream cryptocurrency exchanges, with nearly 750,000 users holding positions on the Huobi HTX platform. In terms of governance planning, 50% of the Huobi HTX platform's revenue is used to buy back and destroy $HTX to support its long-term value growth. As of now, the total amount of $HTX destroyed has reached 496.3 trillion, with the total value of donated and destroyed tokens amounting to approximately $95.22 million.Molly stated that HTX DAO, as a crypto builder, will play a positive role in the future development of the industry. Relying on Huobi HTX's advantages in quality assets, liquidity, content development, product innovation, and security, HTX DAO will work with the governance committee to implement user autonomy and community co-construction, strengthening decentralized governance.In addition, HTX DAO will also be committed to giving back to ecological builders, providing them with more opportunities and support, and jointly creating a more open, transparent, and inclusive crypto ecosystem. It is reported that this event received widespread attention both inside and outside the industry, and well-known Hong Kong actor and winner of the Best Supporting Actor at the Golden Horse Awards, Jiang Haowen, also attended at the invitation.

HTX DAO celebrates its one-year anniversary, officially releasing a recap video and launching a 10 billion $HTX airdrop event

ChainCatcher news, according to the latest video released by the official HTX DAO on the X platform, HTX DAO recently celebrated its one-year anniversary, reflecting on the important achievements and milestones over the past year. In 2024, the total number of $HTX coin purchasers exceeded 390,000, with a total subscription amount reaching $4.308 billion. During the Launchpool event, the highest annualized return rate reached 100%, and a total of 490 trillion $HTX tokens were burned throughout the year. Since its establishment, HTX DAO has continued to grow, with 728,900 users holding assets, over 3,000 participants in governance voting, demonstrating strong growth momentum in the global blockchain ecosystem.To thank users for their long-term support, Huobi HTX, in collaboration with HTX DAO, has launched a special airdrop event of 10 billion $HTX. The event will run from February 7, 18:00 to February 14, 18:00 (UTC+8). Both new and existing users can participate, featuring multiple surprises including accelerated upgrades for $HTX holdings, trading rewards, a lottery for new users, and welcome gifts for returning users, with a maximum of 500,000,000 $HTX available per person.HTX DAO takes the anniversary as a new starting point, continuously empowering community development, promoting ecological prosperity, and writing a brighter future together with users.
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