TreasureDAO engineer alleged to have past involvement in questionable NFT projects
On Wednesday, decentralized finance, or DeFi, detective @zachxbt published a long thread about TreasureDAO's frontend engineer Just Cheese, or JC, and his alleged past involvement in several nonfungible tokens, or NFTs, projects. According to its whitepaper, TreasureDAO is a "decentralized NFT ecosystem on Arbitrum that is built specifically for metaverse projects." Listed projects use the ecosystem's native token MAGIC for transactions, with TreasureDAO governing the emission of MAGIC.
As told by zachxbt, the story began when JC shared his wallet address in the TreasureDAO discord last November. The DeFi detective then claimed to have backtraced a key series of inflows, totaling 134.66 ETH, into JC's wallet to several NFT/token projects, including but not limited to Mutant Cats, ZombieToadz, and Yuta/YYYY — all projects that zachxbt say went quiet after launch.
In an official announcement in the TreasureDAO Discord, the project team offered the following explanation:
The team went on to say:
zachxbt is known in the blockchain community for his forensic methods in investigating the past conduct of blockchain developers. Last month, the DeFi detective alleged that Michael Patryn, co-founder of defunct Canadian crypto exchange QuadrigaCX, was running DeFi project Wonderland's treasury as its anonymous chief financial officer. Users' opinions on the matter remain divided on social media, with @cryptopantone, TreasureDAO's "evangelist" and moderator tweeting:
Summary: JC worked as developer for other projects before, got paid for it, those projects failed, then joined Treasure and helped building one of the most interesting projects in the space run? Ok ty; let’s move on. Maybe you can draw a diagram of all Treasure related
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