MonkeDAO launches internal probe to address claims of validator earnings misappropriation

MonkeDAO, the decentralized community for Solana’s Monkey Business Gen2 NFT holders, has launched an internal investigation after recent allegations of a mismatch of funds in its treasury, the DAO’s general counsel Ariel Givner wrote on X Tuesday.

“MonkeDAO has been made aware of the recent allegations regarding the MonkeDAO Validator earnings and the discrepancy in the funds allocated to the treasury,” Givner said. 

The core issue lies in the alleged discrepancy between the earnings generated by MonkeDAO's validators and the amount of funds allocated to the DAO's treasury, in a claim brought to light by X user Hanko (@hankobaggins), who identifies as a Solana validator for BanditoDAO.

The X user claimed that around half of the DAO’s validator earnings from December last year — which amounts to 586 SOL ($89,200 at current rates) — went to the operator instead of the DAO’s treasury. Hanko identified the operator as X user Crypt0xG.

Hanko also attached a list of transactions they claim to be between MonkeDAO validators and Crypt0xG. The Block has contacted Crypt0xG for a response to the allegations but has yet to hear back.

“Our primary goal is to ensure transparency and accountability within our operations,” MonkeDAO counsel Givner wrote in the X post. “We are committed to providing a detailed explanation and resolving any issues that may have occurred.”