ElizaOS founder Shaw accuses daos.fun founder baoskee of insider trading, profiting approximately $6.6 million
2026-08-16 03:39
Odaily News: Shaw posted on X platform, stating that daos.fun founder baoskee used insider information to trade during the ai16z project rename and migration process, profiting approximately $6.6 million by selling ai16z. Shaw claimed that in June 2025, the project team promised to launch a Snapshot vote for the community to decide whether to rename, after a16z had previously requested the project to change its name to avoid trademark disputes. When the voting mechanism was not launched on time as promised, baoskee, knowing about the rename pressure and subsequent migration plans, sold all ai16z from daos.fun's execution wallet and continued to dump tokens before the project migrated to elizaOS, causing the token price to drop. Shaw believes baoskee possessed information that other holders did not have at the time. Baoskee denied the allegations in response, stating that the Snapshot vote had actually been launched, and that daos.fun had additionally added and locked in over $1 million in ai16z liquidity at its own expense. Baoskee also counter-accused Shaw of serious issues in project operations, token migration, and development fund usage. There is a clear discrepancy between the two parties' statements. Shaw stated he would attach relevant on-chain records.
