kaal:claim:4529715-029

Lobby3 was effectively attacked from within: founders maintained heavy control and slowly diverted funds to themselves, producing a very slow rug pull.

Because the founders maintained heavy control and slowly diverted funds to themselves, the DAO suffered from a very slow rug pull.

Wulf A. Kaal, Josh Bykowski, Decentralized Autonomous Organizations (DAO) – A Market Meta Analysis (2023), Appendix, Political Action DAOs, LOBBY3, p. 68
https://ssrn.com/abstract=4529715 · source PDF

Wulf A. Kaal, Josh Bykowski, Decentralized Autonomous Organizations (DAO) – A Market Meta Analysis (2023). SSRN: https://ssrn.com/abstract=4529715

• founder controlled DAO with wallet size voting

failuresupport: evidencedfailure: slow-rug-pullfamily: fraud-and-misconductdao

• supports kaal:claim:4015908-025 Community DAO governance makes any form of rug pull much less likely, because rug pulls typically benefit only...
• supports kaal:claim:4067783-001 At their worst, DAOs produce ponzi schemes and rug pulls, and these failures damage the credibility and future...
• supports kaal:claim:4067783-007 DAO projects accounted for a material share of the largest crypto frauds of the year: two of the top six crypt...

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