MonkeDAO, the community behind Solana’s Monkey Business Gen2 NFT collection, has initiated an internal investigation following allegations of discrepancies in its treasury funds. This probe was announced by Ariel Givner, the DAO’s acting general counsel, in a statement on August 7.

MonkeDAO has been made aware of the recent allegations regarding the MonkeDAO Validator earnings and the discrepancy in the funds allocated to the treasury. We take these claims very seriously and are currently conducting a thorough investigation.

The investigation was prompted by a user who highlighted concerns about approximately 586 SOL, or about half of the MonkeDAO validator earnings since December 2023, not being allocated to the treasury. This has raised questions within the community about fund management.

Transparency and Accountability

According to Ariel Givner, MonkeDAO is committed to ensuring transparency and accountability. The organization aims to resolve any issues promptly and provide a detailed explanation for any financial irregularities.

Our primary goal is to ensure transparency and accountability within our operations. We are committed to providing a detailed explanation and resolving any issues that may have occurred.

Background on MonkeDAO

Launched in 2021, MonkeDAO is a community of crypto investors supporting the development of Solana Monkey Business, one of Solana’s pioneering NFT collections. Despite the recent incident, Solana Monkey Business NFT holders seem resilient, with the price floor for an NFT rising 4% to 21.61 SOL according to recent data.

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