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.

ChainCatcher news, according to Coindesk, a screenshot of a conversation between an employee from investment firm Arca and DAO management platform Aragon shows that the Swiss entity behind Aragon, the Aragon Association, considered selling the project to anonymous bidders in June after experiencing community governance disputes.It is reported that the screenshot is part of a 24-page investigative report written by cryptocurrency trading company Patagon Management LLC regarding the Aragon Association, which also includes allegations of the Aragon Association's missteps over the years, including squandering its various crypto assets valued at $180 million, and questioning whether the organization complies with Swiss nonprofit laws, but these allegations have not been immediately verified.