# kaal:claim:4529715-029

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

**Type.** failure  **Support.** evidenced

**Holds when.**

- founder controlled DAO with wallet size voting

**Source quote.**

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

**From.** Wulf A. Kaal, Josh Bykowski, *Decentralized Autonomous Organizations (DAO) – A Market Meta Analysis* (2023), Appendix, Political Action DAOs, LOBBY3, page 68

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

**Verify.** sha256 of source PDF `2d71961e8c449afbeaf45ca4f53de8a575d45c77d6960b767d3d1d0874f296b5` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20and%20Bykowski%20-%202023%20-%20Decentralized%20Autonomous%20Organizations%20%28DAO%29%20%E2%80%93%20A%20Market%20Meta%20Analysis.pdf

**Failure mode.** slow-rug-pull  (family: fraud-and-misconduct)

**Topics.** dao

**Keywords.** dao, rug-pull, founder-control, treasury, lobby3

**Related claims.**

- supports: https://wulfkaal.github.io/claims/4015908-025
- supports: https://wulfkaal.github.io/claims/4067783-001
- supports: https://wulfkaal.github.io/claims/4067783-007

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