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) tasks. According to its white paper, TreasureDAO is a “decentralized NFT ecosystem on Arbitrum that’s constructed particularly for metaverse tasks.” Listed tasks 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 tackle 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 tasks, together with however not restricted to Mutant Cats, ZombieToadz and Yuta/YYYY — all tasks that Zachxbt says went quiet after launch.
In an official announcement within the TreasureDAO Discord, the undertaking staff provided the next clarification:
“From what we perceive, Cheese did some UI/FE work for just a few tasks created by these unhealthy actors on a contract foundation whereas breaking into web3, however they deserted the tasks 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 staff went on to say:
“We will 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 to this point.”
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 operating DeFi undertaking 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 tasks earlier than, bought paid for it, these tasks failed, then joined Treasure and helped constructing probably the most fascinating tasks within the area run? Okay ty; let’s transfer on. Perhaps you possibly can draw a diagram of all Treasure associated tasks?
— 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 undertaking, writing:
“Severely, however can we use DAO funds to pay Zach [Zachxbt] to do an inner background test on all staff members’ wallets so we are able to take care of all the pieces in-house and get all of the bullshit completed and dusted directly so we are able to transfer ahead?”