EthFinance

There are a ton of "foundations" from the ICO boom that are effectively trust funds for the founders.

They don't do anything, they don't really have any products. Status is for example one of them where original ICO participants have no recourse due to the structure of the foundation to just give us back our money.

I want a 1980s style corporate raiders to go after these shadow funds, and would love if the lawyers got involved. Maybe there should even be a DAO where people raise funds to hire lawyers to go after them.

we should be bringing pitchforks to these older dormant foundations sitting on hundreds of millions of dollars, letting it slowly burn on salaries and sponsorships

Eshita

There are a ton of "foundations" from the ICO boom that are effectively trust funds for the founders.

They don't do anything, they don't really have any products. Status is for example one of them where original ICO participants have no recourse due to the structure of the foundation to just give us back our money.

I want a 1980s style corporate raiders to go after these shadow funds, and would love if the lawyers got involved. Maybe there should even be a DAO where people raise funds to hire lawyers to go after them.

https://x.com/eshita/status/1895173940718510536

it happened to aragon https://cointelegraph.com/news/aragon-dao-lawsuit-founders-patagon-management