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Aragon, an open-source framework designed to launch decentralized autonomous organizations (DAOs), has pulled plans for its native Aragon (ANT) token holders to be given voting rights over the future direction of the organization.<\/p>\n
The Aragon Association, a Switzerland-based organization that oversees the management of Aragon, said in a May 9 tweet thait exercised its \u201cfiduciary duty\u201d to secure its treasury and overall mission by \u201crepurposing the Aragon DAO as part of a new grants program.\u201d <\/p>\n
The decision was made after the recently launched Aragon DAO suffered a 51% attack at the hands of a group called the \u201cRisk Free Value (RFV) Raiders,\u201d who were seeking to manipulate the use of ANT as a means to achieve financial gain. <\/p>\n
\nToday, the Aragon Association acted on its fiduciary duty to secure its treasury by repurposing the Aragon DAO into a grants program.<\/p>\n
This is a response to a coordinated attack by the group known as “Risk Free Value Raiders” who took down Rook DAO. https:\/\/t.co\/tVp9QXUUsx<\/p>\n