MonkeDAO Launches Internal Investigation

MonkeDAO, the decentralized community for Solana’s Monkey Business Gen2 NFT holders, has launched an internal investigation following allegations of mismatched funds in its treasury, according to the DAO’s general counsel, Ariel Givner, on X Tuesday.

Allegations Made

Givner stated, “MonkeDAO has been made aware of the recent allegations regarding the MonkeDAO Validator earnings and the discrepancy in the funds allocated to the treasury.”

Core Issues

The allegations center around a discrepancy between the earnings generated by MonkeDAO’s validators and the funds allocated to the treasury. This claim was brought to light by user Hanko (@hankobaggins), who identifies as a Solana validator for BanditoDAO.

According to Hanko, about half of the DAO’s validator earnings from December—totalling 586 SOL (worth $89,200)—was directed to the operator instead of the DAO’s treasury. Hanko named the operator as user Crypt0xG.

Hanko also provided a list of transactions purportedly between MonkeDAO validators and Crypt0xG. The Block has reached out to Crypt0xG for comment but has not received a response yet.

Commitment to Transparency

Givner emphasized, “Our primary goal is to ensure transparency and accountability within our operations. We are committed to providing a detailed explanation and resolving any issues that may have occurred.”