Analysts Suspect Suspicious 100 ETH Transaction from AssangeDAO Address
By Hassan Shittu
Posted:
April 3, 2024 19:33 EDT
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Read Time: 3 minutes
Experts at SlowMist have expressed their concerns about a 100 ETH transaction that originated from an address linked to AssangeDAO and was sent to a recipient associated with the decentralized autonomous organization (DAO) on March 10.
The community has raised concerns about a potential “Soft Rug Pull,” prompting the analysts to emphasize the importance of transparency in DAO operations. They have highlighted that the significant fund transfers have raised several questions, particularly regarding the ultimate destination of the funds.
The Community Raises Concerns Over AssangeDAO’s Potential Fund Transfer Issues
On March 10, 2024, a transfer of 100 ETH from AssangeDAO’s multisig address, 0x5DAEA26517788b1c0DDB0200c6Fa6d8248076143, to a new address has sparked concerns within the community, especially among stakeholders of AssangeDAO. This development has raised fears of a potential “Soft Rug Pull,” prompting collaborative efforts by SlowMist and RescuETH Rescue to address these concerns in a joint article.
According to the article, AssangeDAO’s multisig address received a total of 16,600 ETH in March 2022 and has transferred nearly 12,000 ETH over the course of two years, leaving a balance of 5,018.59 ETH.
The address transferred 580.745 ETH to a contract address (0xeD2…131) on April 8, 2022. Further transfers include 34.99 ETH to Kraken and 829.64 ETH to another contract address (0x8a1…262) on May 9, 2022.
Between June 8, 2022, and February 16, 2024, it transferred 9,750 ETH across 65 transactions, mainly to (0x323339bc28028da8cd11b584747ee8ec873616b4). Notably, the last two transfers of 150 ETH each were directed to (0x2f988a4f26280a108a5761a889e63bd7f91d517e) starting January 23, 2024.
Source: SlowMist
On March 6 and 10, 2024, it transferred a total of 200 ETH to (0x2f988a4f26280a108a5761a889e63bd7f91d517e).
The analysis reveals a concentration in two addresses: (0x323339bc28028da8cd11b584747ee8ec873616b4), which has a history of transfers to Kraken, and (0x2f988a4f26280a108a5761a889e63bd7f91d517e), which has recently received large transfers.
Further examination of these addresses shows a pattern of significant movement and redistribution of ETH, raising questions about the nature and purpose of these transactions. While AssangeDAO’s true intentions remain unclear, investors are advised to approach the organization with caution and conduct thorough due diligence.
As of now, AssangeDAO has not released any public statements regarding these developments.
AssangeDAO Under Scrutiny for Fund Transfers Amid Assange’s Legal Battles
AssangeDAO, established in 2022, gained recognition due to its association with Julian Assange, the Australian activist famous for founding WikiLeaks, a platform dedicated to revealing classified information from anonymous sources.
Assange is wanted in the US on 18 charges, including 17 under the Espionage Act and one under the Computer Fraud and Abuse Act. He faces a potential sentence of 175 years in prison after WikiLeaks published hundreds of thousands of leaked confidential military files and diplomatic documents related to the Afghanistan and Iraq wars.
Assange has been facing extradition following a UK High Court ruling in 2021, which led supporters to establish AssangeDAO to advocate for his cause. The campaign managed to accumulate over 17,400 ETH in cryptocurrency donations, with the proceeds intended for Assange’s legal defense fund and other initiatives to raise awareness.
Inspired by the success of ConstitutionDAO, AssangeDAO launched a fundraising campaign on JuiceBox to support Assange’s legal defense and raise awareness about free speech issues.
The campaign bid on an NFT titled “Clock 1/1,” created by Assange and Pak, symbolizing his time in imprisonment, with the proceeds going towards his legal defense and advocacy efforts.
On November 8, 2023, AssangeDAO announced that 16 members of the US Congress had signed a letter urging Attorney General Merrick Garland to drop the charges against Assange. However, on March 26, Assange was granted permission by a UK court to appeal his extradition to the United States.
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