Daos.fun founder accused of selling $6.6M in ai16z tokens before forced name change; founder denies claims and cites voting and liquidity additions.
Regulation & Gov ·
A dispute has emerged over token sales tied to the daos.fun project and its rebranding. Shaw, posting on X, detailed allegations that the project's founder, identified as Baoskee, sold approximately $6.6 million in ai16z tokens from the execution wallet after a16z (the venture firm) requested a name change to avoid trademark issues. Shaw's account traces 42.1 million ai16z tokens across 102 swaps, yielding roughly $6.6 million in stablecoin proceeds plus additional SOL-denominated gains, against an identified acquisition cost of under $4,000.
The core dispute centers on timing and motive. Shaw argues that Baoskee had promised to ship voting functionality—essential for the community to approve the name change—on two occasions in June 2025, but instead sold the tokens once a16z made contact. This liquidation allegedly forced the project into a costly and damaging migration to elizaOS. The broader context involves trademark law: a16z faced potential loss of trademark rights if it failed to defend its claim, per Shaw's explanation.
Baoskee has disputed these allegations, citing voting implementation and liquidity additions to counter the accusations. The two accounts differ sharply on what occurred and why, with no independent verification of transaction timing or intent publicly disclosed at this time.