# kaal:claim:4067783-006

**Claim.** The author contests the myth that DAOs are generally run by scammers: many DAOs and users have indeed fallen victim to rug pulls, but most of those rug pulls trace to the absence of decentralized governance in fundraiser DAOs rather than to DAOs as such.

**Type.** failure  **Support.** argued

**Holds when.**

- applies to fundraiser DAOs lacking decentralized governance

**Source quote.**

> While it is true that many DAOs and DAO users have fallen victim to the infamous rug-pulls, most of these rug pulls are associated with the lack of decentralized governance in fundraiser DAOs.

**From.** Wulf A. Kaal, *DAO Fallacies* (2022), II.2 Myth #2: Scams, page 5

**Cite as.** Wulf A. Kaal, DAO Fallacies (2022). SSRN: https://ssrn.com/abstract=4067783

**Verify.** sha256 of source PDF `48f1e307cdbbe28c7843f7744d0ba8cf01662f257a53f2066a7a6c7e03a5acec` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202022%20-%20DAO%20Fallacies.pdf

**Failure mode.** Rug pull attributed to missing decentralized governance  (family: fraud-and-misconduct)

**Topics.** dao, decentralization, governance-design

**Keywords.** dao, scams, rug-pull, decentralized-governance, myth

**Related claims.**

- supports: https://wulfkaal.github.io/claims/4015908-025

**Canonical form.** This markdown file is the canonical hashed representation of the claim. Its sha256 is the content hash used for attestation.