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 instructed 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 sequence 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 workforce provided the next rationalization:
“From what we perceive, Cheese did some UI/FE work for a couple of 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’t touch upon the main points of the work because it was exterior of Treasure.”
The workforce went on to say:
“We will touch upon his [JC’s] efforts whereas at Treasure, which has been wonderful, contributing to all of the UI/FE for TreasureDAO websites and merchandise thus far.”
Zachxbt is understood within the blockchain group 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 operating 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, bought paid for it, these initiatives failed, then joined Treasure and helped constructing some of the fascinating initiatives within the house run? Okay ty; let’s transfer on. Possibly you possibly can 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 focus on the significance of accountability for the venture, writing:
“Significantly, however can we use DAO funds to pay Zach [Zachxbt] to do an inner background verify on all workforce members’ wallets so we will take care of the whole lot in-house and get all of the bullshit performed and dusted directly so we will transfer ahead?”