Analysts Express Doubts Regarding 100 ETH Transaction from AssangeDAO Address

Suspicions Raised Over 100 ETH Transaction from AssangeDAO Address


By Hassan Shittu
Updated: April 3, 2024, 19:33 EDT
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Reading Time: 3 minutes


Concerns have been raised by SlowMist analysts regarding a 100 ETH transaction that originated from an AssangeDAO address and was sent to a recipient associated with the decentralized autonomous organization (DAO) on March 10.
Some members of the community have expressed worries about a potential “Soft Rug Pull,” and the analysts emphasized the importance of transparency in DAO operations. They pointed out that the significant transfers of funds have led to many questions, especially regarding where the funds ultimately end up.
Community Concerns Mount as AssangeDAO Faces Possible Fund Transfer Issues
On March 10, 2024, a transfer of 100 ETH was made from AssangeDAO’s multisig address, 0x5DAEA26517788b1c0DDB0200c6Fa6d8248076143, to a new address, causing concerns within the community, particularly among AssangeDAO stakeholders. This development has raised fears of a potential “Soft Rug Pull,” prompting SlowMist and RescuETH Rescue to collaborate on a joint article addressing these concerns.
According to the article, AssangeDAO’s multisig address received 16,600 ETH in March 2022 and has transferred nearly 12,000 ETH over the course of two years, leaving a balance of 5,018.59 ETH.
On April 8, 2022, the address transferred 580.745 ETH to a contract address (0xeD2…131). Other transfers include 34.99 ETH to Kraken and 829.64 ETH to another contract address (0x8a1…262) on May 9, 2022.
Between June 8, 2022, and February 16, 2024, it transferred 9,750 ETH across 65 transactions, mainly to (0x323339bc28028da8cd11b584747ee8ec873616b4). Notably, the last two transfers of 150 ETH each were directed to (0x2f988a4f26280a108a5761a889e63bd7f91d517e) starting January 23, 2024.


Source: SlowMist
On March 6 and 10, 2024, a total of 200 ETH was transferred to (0x2f988a4f26280a108a5761a889e63bd7f91d517e).
The analysis reveals a concentration of activity in two addresses: (0x323339bc28028da8cd11b584747ee8ec873616b4), which has a history of transfers to Kraken, and (0x2f988a4f26280a108a5761a889e63bd7f91d517e), which has received recent large transfers.
Further examination of these addresses shows a pattern of significant movement and redistribution of ETH, leading to questions about the nature and purpose of these transactions. While AssangeDAO’s true intentions remain unclear, investors are advised to approach the organization with caution and conduct thorough due diligence.
As of now, AssangeDAO has not released any public statements regarding these developments.
AssangeDAO Faces Scrutiny Over Fund Transfers Amid Assange’s Legal Battles
AssangeDAO, established in 2022, gained prominence due to its association with Julian Assange, the Australian activist who is well-known for founding WikiLeaks, a platform dedicated to exposing classified information from anonymous sources.
Assange is wanted in the US on 18 charges, including 17 under the Espionage Act and one under the Computer Fraud and Abuse Act. He faces a potential sentence of up to 175 years in prison after WikiLeaks published hundreds of thousands of leaked confidential military files and diplomatic documents related to the Afghanistan and Iraq wars.
Following a UK High Court ruling in 2021 that paved the way for his extradition, Assange has been fighting against the decision. In response, supporters established AssangeDAO to advocate for his cause. The campaign received over 17,400 ETH in cryptocurrency donations, with the funds intended for Assange’s legal defense and other initiatives to raise awareness.
Inspired by the success of ConstitutionDAO, AssangeDAO launched a fundraising campaign on JuiceBox to support Assange’s legal defense and promote free speech issues.
As part of the campaign, a bid was made on an NFT titled “Clock 1/1,” created by Assange and Pak, symbolizing his period of imprisonment. The proceeds from the auction were meant to contribute to his legal defense and advocacy efforts.
On November 8, 2023, AssangeDAO announced that 16 members of the US Congress had signed a letter urging Attorney General Merrick Garland to drop the charges against Assange. However, on March 26, 2024, a UK court granted Assange permission to appeal his extradition to the United States.
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