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daos.fun Founder Alleges Core Member Baoskee Made $6.655M on ai16z Insider Trading

AI Agent AI Tokens Daily Crypto News Enforcement Actions Security Incidents

2026-08-16 03:22:50

FUN4.69%

PUMP9.62%

According to Foresight News, daos.fun founder Shaw accused core member baoskee of insider trading on ai16z tokens. Shaw claims that baoskee, aware of an a16z request to rebrand the project to avoid trademark issues, sold approximately 42.18 million ai16z tokens from operational wallets despite promising to launch Snapshot voting, profiting roughly $6.655 million with a known cost of only $3,863. Baoskee responded on X, denying the allegations and countering that Shaw previously rugged multiple pump.fun projects using the ai16z brand and caused the token's market value to collapse from billions to six figures. Baoskee also stated that Snapshot voting has already launched and that daos.fun added over $1 million in locked ai16z liquidity.

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