On Wednesday, decentralized finance (DeFi) detective Zachxbt revealed an extended 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. In response 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 deal with 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 mission group provided the next rationalization:
“From what we perceive, Cheese did some UI/FE work for a number 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 outdoors of Treasure.”
The group 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 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 alternate QuadrigaCX, was operating DeFi mission 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, acquired paid for it, these initiatives failed, then joined Treasure and helped constructing one of the crucial attention-grabbing initiatives within the house 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 mission, writing:
“Critically, however can we use DAO funds to pay Zach [Zachxbt] to do an inside background verify on all group members’ wallets so we are able to cope with every part in-house and get all of the bullshit carried out and dusted directly so we are able to transfer ahead?”