Azuki DAO Faces Financial Turmoil: Refunds, Hacks, and Lawsuits Plague Elementals Holders
A group of Azuki NFT holders formed the Azuki DAO to demand a refund of $38 million from the project's team for allegedly scamming holders. However, the DAO was subsequently hacked, resulting in the loss of tens of thousands of dollars. Despite the setback, Azuki DAO plans to pursue legal action against the project's founder and seek the return of the millions of dollars in profit generated from the Azuki Elementals drop. Some Azuki holders have criticized Azuki DAO's actions, stating that the group does not represent the broader Azuki community.