Aragon Association, a major crypto project that develops tools for decentralized governance, is facing a governance dilemma of its own.
The Switzerland-based project, which has a treasury worth $180 million, was pressured by activist investors who wanted a share of its funds.
In June, Aragon considered “selling the project” to a mystery buyer for an unknown amount, as revealed by a screenshot of a chat between an Arca employee and other activists.
The screenshot is part of a 24-page investigative report on Aragon Association by crypto trading firm Patagon Management LLC.
The report was anonymously sent to Ivan Fartunov, Aragon’s head of partnerships, via a public Ethereum transaction on Wednesday.