quote: this industry is completely full of insane people > this guy rugged 10-20 pump funs using the ai16z brand > he decided to turn a community / meme token into a full fledged company with serious copyright infringment issues > he somehow turned the biggest token of last cycle from billions to literal 6 figures > he launched a second token to rug the first one and lost people millions > snapshot voting went live (its still on the website) and over $1m of ai16z of liquidity was added and locked by daos fun out of our own pocket. idk what he is talking about > he's sued elon musk, twitter for nonsensical terms > he tried to get Burwick Law to sue us and ended up getting sued by them using the information he gave them (very nice) > he ran tens of millions of dev funds to zero while producing nothing of value the last 2 years we ran the most honest launchpad on solana and somehow this guy has the audacity to make this post. please delete twitter and commit urself to a mental hospital i rest my case | Here is the story of how daos.fun insider traded $ai16z and made $6.6 million. On Jun 3, 2025, @baoskee announced that Snapshot voting would "ship this week". On June 19, he reiterated the promise. Voting was specifically important to the project because a16z had politely requested a name change to avoid a lawsuit against the team. While Baoskee had full control over the execution wallet, he claimed that voting had to be implemented so the community of holders could vote to change the name itself. Instead of shipping voting, @baoskee sold all of the $ai16z from the daos.fun execution wallet after a16z made contact and requested that the name of the project had to change. @baoskee had perfect insider knowledge and was uniquely in a position to head off legal trouble. Since the team could not change the name and had no control over the token, and voting was not implemented as promised, the team was forced to engage in an extremely painful and value destroying migration to $elizaOS. This wasted huge amounts of time and caused a lot of anger in the community. While the migration was scheduled and planned, with @baoskee in the loop, he sold all of his $ai16z tokens into the market, crashing the price. (To be clear: a16z was *very cool* about everything. We put them in a a bad position and they handled it in the most friendly possible way they could. Nobody expected ai16z to go viral, but when it did it became a real problem for a16z, because by U.S. trademark law if you do not defend your trademark claim you can lose your right to protect it in the future.) Solscan links at the end of the article

quote: this industry is completely full of insane people > this guy rugged 10-20 pump funs using the ai16z brand > he decided to turn a community / meme token into a full fledged company with serious copyright infringment issues > he somehow turned the biggest token of last cycle from billions to literal 6 figures > he launched a second token to rug the first one and lost people millions > snapshot voting went live (its still on the website) and over $1m of ai16z of liquidity was added and locked by daos fun out of our own pocket. idk what he is talking about > he's sued elon musk, twitter for nonsensical terms > he tried to get Burwick Law to sue us and ended up getting sued by them using the information he gave them (very nice) > he ran tens of millions of dev funds to zero while producing nothing of value the last 2 years we ran the most honest launchpad on solana and somehow this guy has the audacity to make this post. please delete twitter and commit urself to a mental hospital i rest my case | Here is the story of how daos.fun insider traded $ai16z and made $6.6 million. On Jun 3, 2025, @baoskee announced that Snapshot voting would "ship this week". On June 19, he reiterated the promise. Voting was specifically important to the project because a16z had politely requested a name change to avoid a lawsuit against the team. While Baoskee had full control over the execution wallet, he claimed that voting had to be implemented so the community of holders could vote to change the name itself. Instead of shipping voting, @baoskee sold all of the $ai16z from the daos.fun execution wallet after a16z made contact and requested that the name of the project had to change. @baoskee had perfect insider knowledge and was uniquely in a position to head off legal trouble. Since the team could not change the name and had no control over the token, and voting was not implemented as promised, the team was forced to engage in an extremely painful and value destroying migration to $elizaOS. This wasted huge amounts of time and caused a lot of anger in the community. While the migration was scheduled and planned, with @baoskee in the loop, he sold all of his $ai16z tokens into the market, crashing the price. (To be clear: a16z was *very cool* about everything. We put them in a a bad position and they handled it in the most friendly possible way they could. Nobody expected ai16z to go viral, but when it did it became a real problem for a16z, because by U.S. trademark law if you do not defend your trademark claim you can lose your right to protect it in the future.) Solscan links at the end of the article

Source:https://x.com/KyeGomezB/status/2089075152726233326