daos.fun founder accuses core member of making about $6.655 million from ai16z token sales

A public dispute has broken out inside the daos.fun camp after founder Shaw accused core member baoskee of profiting from ai16z token sales while allegedly knowing that Andreessen Horowitz, or a16z, had asked the project to change its name to avoid trademark issues. Shaw said baoskee did not follow through on a promise to launch a Snapshot voting mechanism and instead sold large amounts of ai16z from an execution wallet. He claimed wallets linked to baoskee sold roughly 42.18 million ai16z across multiple transactions, generating about $6.655 million in profit, with known costs of only around $3,863. baoskee pushed back in a post of his own, calling Shaw "completely insane." He also leveled a string of counteraccusations, saying Shaw had rugged multiple pump.fun projects using the ai16z brand, turned a community meme token into a company with serious copyright problems, drove the token’s market capitalization from the billions down to six figures, and launched a second token that rugged the first and caused user losses. baoskee also said the Snapshot vote had in fact gone live and that the site remained accessible. He added that daos.fun had used its own funds to add and lock more than $1 million in ai16z liquidity.