On Wednesday, decentralized finance (DeFi) detective Zachxbt published a protracted thread on Twitter about TreasureDAO’s front-end engineer Simply Cheese, or JC, and his alleged previous involvement in a number of nonfungible token (NFT) initiatives. According to its white paper, TreasureDAO is a “decentralized NFT ecosystem on Arbitrum that’s constructed particularly for metaverse initiatives.” Listed initiatives use the ecosystem’s native token, MAGIC, for transactions, with TreasureDAO governing the emission of MAGIC.
As advised by Zachxbt, the story started when JC shared his pockets handle within the TreasureDAO Discord final November. The DeFi detective then claimed to have backtraced a key collection of inflows, totaling 134.66 Ether (ETH), into JC’s pockets to a number of NFT/token initiatives, together with however not restricted to Mutant Cats, ZombieToadz and Yuta/YYYY — all initiatives that Zachxbt says went quiet after launch.
In an official announcement within the TreasureDAO Discord, the venture crew provided the next clarification:
“From what we perceive, Cheese did some UI/FE work for just a few initiatives created by these unhealthy actors on a contract foundation whereas breaking into web3, however they deserted the initiatives lengthy after he’d already delivered and had been paid for his work. The DAO can not touch upon the main points of the work because it was exterior of Treasure.”
The crew went on to say:
“We are able to touch upon his [JC’s] efforts whereas at Treasure, which has been superb, contributing to all of the UI/FE for TreasureDAO websites and merchandise so far.”
Zachxbt is thought within the blockchain neighborhood for his forensic strategies in investigating the previous conduct of blockchain builders. Final month, the DeFi detective alleged that Michael Patryn, co-founder of defunct Canadian crypto trade QuadrigaCX, was working DeFi venture Wonderland’s treasury as its nameless chief monetary officer. Customers’ opinions on the matter stay divided on social media, with Cryptopantone, TreasureDAO’s “evangelist” and moderator, tweeting:
Abstract: JC labored as developer for different initiatives earlier than, received paid for it, these initiatives failed, then joined Treasure and helped constructing one of the vital fascinating initiatives within the area run? Okay ty; let’s transfer on. Possibly you’ll be able to draw a diagram of all Treasure associated initiatives?
— fritten.eth (,) (@cryptopantone) February 23, 2022
In the meantime, Josh11#3105, a member of TreasureDAO’s official Discord, tried to spotlight the significance of accountability for the venture, writing:
“Critically, however can we use DAO funds to pay Zach [Zachxbt] to do an inner background examine on all crew members’ wallets so we will cope with every thing in-house and get all of the bullshit performed and dusted directly so we will transfer ahead?”