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The Defiant 2025-01-13 22:27:24

Bankless Faces Backlash After its VC Arm Sold Aiccelerate DAO Tokens

Bankless, a crypto-focused media company, has come under increasing scrutiny on X after users discovered that wallets connected to Bankless Ventures, the company's VC arm, sold tokens of a project the media arm had promoted, immediately after its pre-sale started. The intense backlash to the sale is a sign the crypto community is fed up with what many perceive as a rigged game in an industry that’s supposed to stand for transparency and universal, permissionless access to financial opportunities. Aiccelerate DAO, an investment community for projects at the intersection of crypto and artificial intelligence (AI), was founded by Markus Jun, Ejaaz Ahamadeen, and a pseudonymous user named Ropirito. The project raised at least 125 SOL from contributors, including Bankless co-founders David Hoffman and Ryan Sean Adams, according to an X post by Aiccelerate. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

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