⚠️DAO Money Heist: How thieves are draining DAO funds in plain sight

DeepDAO’s candid interview with a “professional DAO drainer” showed how some scam DAOs by appearing legit to the more gullible of the DAO’s members.

This is generally true because:

▪️Most people don’t read proposals carefully.
▪️Many will vote for anything just to show activity in hope of some future reward (like an airdrop).
▪️There is little vetting of DAO contractors.

🔹Social engineering of trust

Money grabbers infiltrated the DAOs so deeply as to become trusted moderators and community leaders.

🔹Fighting back

A lesson can be learned from sniping bots, which plagued AMM launches until 111PG came in and made the game not worth it.

🔹Trust shield

One option is to have a DAO of Experts with special voting power benefitting themselves and those delegating to them.

📖 Read about the details of draining treasuries and possible countermeasures in the full article 👉 here