Aragon DAO Votes to Pursue Legal Action Against Development Team Over Asset Shutdown
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The Aragon DAO expressed dissatisfaction with the team's recent move to dissolve its governing body and shut down its token without consulting the community.
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On Nov. 2, the Aragon team announced it would be dissolving the Aragon Association and distributing most assets to tokenholders.
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This angered faction(s) in the community who felt the move was unfair. The DAO voted on Nov. 21 to allocate funds to take legal action against the Aragon team.
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300,000 USDC was allocated to Patagon Management, owned by Diogenes Casares, to spearhead negotiations and a potential lawsuit.
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Patagon will maintain confidentiality to protect the legal process but its financial transactions related to the case will be public.