Potential Misuse of Funds - Furucombo

Announcements
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Thank you for all the feedback received on this topic so far, and to all delegates who voted on the Snapshot to determine whether Furucombo should be banned from the ArbitrumDAO.

Since the DAO voted FOR this proposal, Furucombo, including all founders, current team members, and affiliated contributors, will now be banned* from all future ArbitrumDAO programs, including (non-exhaustive):

  • Applying for future DAO-affiliated grant programs
  • Qualifying for any retroactive programs from the DAO
  • Affiliated members applying for open roles in the DAO

*As per this message, Furucombo’s founders (see list below) will be permanently banned, while current team members and affiliated contributors (see list below), will be banned for as long as they work for or contribute to Furucombo.

Founder(s)

As listed in Furucombo’s LTIPP application

Team Members

As listed in Furucombo’s link3

Screenshot 2024-08-05 at 14.39.11
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Multisig address and signers:

How will this ban will be effectuated?

  • If any team members or affiliated contributors apply for an ArbitrumDAO-related program, while still contributing to Furucombo, the DAO will proactively reject any such application
  • If the founder applies for an ArbitrumDAO-related program, the DAO will proactively reject any such application

In case the DAO did not proactively reject a grant application, the Foundation, as the steward of the ArbitrumDAO, reserves the right to flag it and reject the grant based on the Snapshot vote.

Possible repeal process

If Furucombo wishes to appeal the above proposal to lift this ban and build a constructive, healthy relationship with the ArbitrumDAO, it should make a proposal to the ArbitrumDAO on the Forum, and have a delegate with enough voting power raise the proposal as per ArbitrumDAO’s governance process.

List of Banned Projects and Stakeholders

The Arbitrum Foundation will maintain a list of projects and people banned from the DAO, starting with the aforementioned parties.

In addition, the Arbitrum Foundation will soon be sharing a list of all the protocols that returned excess and/or misused ARB from the STIP and Backfund STIP.

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