🚀 Radiant Capital Updates on October Attack Recovery Efforts
#RadiantCapital #OctoberAttack #RecoveryEfforts #Fundraising #RemediationPlan #CommunityProposal #DAOVoting #CouncilElections #GovernanceProcess #MultiChainLending
According to Odaily, Radiant Capital, a multi-chain lending protocol, has provided an update on the October attack that resulted in approximately $58 million in losses. The platform shared the following developments on X:
1. Recovery and Fundraising: Efforts to recover the lost funds and raise rescue capital are ongoing, but there have been no significant advancements or positive updates so far.
2. Remediation Plan: A comprehensive community proposal is set to be resubmitted to the DAO for voting. After undergoing council review and mediation, the process is expected to proceed more smoothly. A separate proposal addressing unlimited authorization losses is anticipated to be drafted in the first quarter. This remains a complex and sensitive issue requiring careful handling.
3. Council Elections: Another proposal is in the community collaboration phase and will soon enter the governance process to elect a new community council. This will replace the inaugural council as per the DAO's charter. Subsequent council elections will be held annually.#RadiantCapital #OctoberAttack #RecoveryEfforts #Fundraising #RemediationPlan #CommunityProposal #DAOVoting #CouncilElections #GovernanceProcess #MultiChainLending
🚀 Jupiter Mobile V2 Update to Feature Design Contest and DAO Voting
#JupiterMobile #V2Update #DesignContest #DAOVoting #CommunityEngagement #MobileDiscount #Jupuary #UXMetadata #CryptocurrencyApplications
According to BlockBeats, Jupiter co-founder Meow announced on the X platform that the Jupiter Mobile V2 update is imminent. The upcoming application update will include several key features.
Firstly, a design contest and DAO voting will be held to determine the theme of the application. This initiative aims to engage the community in the decision-making process.
Additionally, the update will introduce a Jupuary mobile version discount to encourage more users to adopt the mobile version and become part of the DAO community.
Lastly, three critical themes will be introduced, allowing for more direct community participation and experimentation with UX metadata for cryptocurrency applications.#JupiterMobile #V2Update #DesignContest #DAOVoting #CommunityEngagement #MobileDiscount #Jupuary #UXMetadata #CryptocurrencyApplications
🚀 Accusations of Misconduct in DAO Voting by Across Protocol Team
#Misconduct #DAOVoting #AcrossProtocol #Glue #Ogle #Manipulation #Treasury #ACX #RiskLabs #Investment #Funding #Blockchain #Crypto
According to Odaily, Glue founder Ogle has released a detailed statement on X, accusing the Across Protocol team of manipulating DAO votes to misappropriate approximately $23 million from the protocol's treasury. Ogle claims that during 2023 and 2024, the Across team initiated several votes under the guise of 'strategic investment' and 'retrospective funding,' proposing the transfer of a total of 150 million ACX to Risk Labs, a for-profit company established by the Across team. He alleges that the team used traceable addresses to manipulate the voting process in their favor.
Ogle further stated that he provided the Across team and Risk Labs ample opportunity to correct any inaccuracies or disclose the matter themselves, but they chose to remain silent, prompting him to publish the statement.#Misconduct #DAOVoting #AcrossProtocol #Glue #Ogle #Manipulation #Treasury #ACX #RiskLabs #Investment #Funding #Blockchain #Crypto