AssangeDAO Spends $37M in Ether on Julian Assange's Legal Defense and Advocacy
Summary:
Silke Noa, a member of AssangeDAO, disclosed that the organization has spent about 11,000 Ether ($37 million) out of 16,593 ETH on legal defense and campaigning initiatives to free WikiLeaks founder Julian Assange. This fund was managed by the Wau Holland Foundation through their Safe.global multisig wallet. Assange's friends, family, and participants from the web3 ecosystem established AssangeDAO to raise funds through novel fundraising techniques in light of his ongoing financial and legal challenges. Further updates are expected as the situation develops.
Silke Noa, a member of AssangeDAO, revealed in a post that the majority of 16,593 ETH, or an equivalent of 11,000 Ether valued at $37 million, has been dedicated to legal defense and campaigning by AssangeDAO’s The Clock with the aim to secure Assange's release. Noa elaborated that the said Ether allocation was handled by the Wau Holland Foundation through their Safe.global multisig wallet address. While there may have been legitimate security concerns that previously hindered complete clarity on the distribution of these funds, Noa added, the time has come for a full disclosure on how the resources were allocated by Wau Holland Foundation. Julian Assange, an Australian journalist and the brain behind WikiLeaks, has been incarcerated since April 2019. WikiLeaks is globally renowned for releasing classified and confidential documents.
In further discussion with Cointelegraph, Harry Halpin, the Chief Executive Officer of Nym, shared that AssangeDAO was established by Julian’s friends and Amir Taaki due to the substantial amount of resources being pooled for tokenized NFTs, particularly observed with ConstitutionDAO. Halpin affirmed their understanding of the financial constraints affecting Assange's legal defense team, leading them to decide that this fundraising style could benefit Assange's legal aid.
Joshua Bate, a former central team member of AssangeDAO, informed Cointelegraph that AssangeDAO was set up by Assange's kin and friends, including other invitees from the web3 domain, to accumulate funds for Julian’s defense via cutting edge fundraising tactics prevalent during that time. Bate added that the raised funds were largely sourced from onchain and cypherpunk communities, leading to an increased awareness about the predicament and inspiring decentralized community actions.
As this is an ongoing issue, more details will be released when they become accessible.
Published At
6/25/2024 4:11:06 PM
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