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Benzinga
Benzinga
Business
Adrian Zmudzinski

DAO Forfeits Millions Of Dollars Of Tokens, Conflict Ensues

The decentralized autonomous organization (DAO) governing the Juno (CRYPTO: JUNO) ecosystem voted to confiscate millions of dollars worth of JUNO tokens and the investor who saw his money endangered is considering legal action.

What Happened: A Juno whale — cryptospeak for large holder — was accused of gaming the token's airdrop to gain access to more tokens than he should be able to, which led the community to decide to forfeit most of his funds, according to a recent Coindesk report.

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