According to ChainCatcher, AssangeDAO member Silke Noa posted on social media that the Wau Holland Foundation (WH) released a "preliminary transparency report" that disclosed the expenditure of 16,593 ETH raised by AssangeDAO to rescue Assange.
According to the report, 12,161 ETH has been spent so far on legal fees and PR work, including certain advances paid by WH before The Clock raised funds.
In addition, the figures clearly show that AssangeDAO's 10,000 contributors actually funded Assange's freedom. Specifically, in 2021, WH received 63,000 euros in donations and spent 194,000 euros on Assange activities; while in 2022, WH used 3,800 ETH (about 5.98 million euros) from the Assange Fund, plus 264,000 euros in independent donations to pay lawyers and public relations activities.
The report mentioned that pending invoices for legal fees in 2024 are not expected to be provided to WH until mid-August, and it still needs to clarify whether there are any ongoing lawsuits that require continued support. 5% of AssangeDAO funds (valued at 829.65 ETH on May 9, 2022) are retained by WH as a "reserve" to cover WH internal costs (IT infrastructure, expenses, travel costs, office costs), and the relevant multi-signature indicates that 329.65 ETH remain in the reserve account.
The report also lists payments to the Assange Campaign International, which also funded Assange's extensive Australian activities and received 3.5% of the donations (or 580.755 ETH).
The report shows that only a total of 16.66 million euros were redeemed for 12,161 ETH. As of the date of the transfer on March 13, 22, 12,161 ETH was worth 28.7 million euros/31.2 million US dollars (now 37.1 million US dollars). This may be due to the fact that some funds were transferred in the crypto bear market without treasury preservation management, or it may be due to the additional transaction fee rate.
To date, AssangeDAO’s 4431.5993 ETH (now $13.54 million) of funds (matching on-chain data) remain unspent. Noa said he hopes and looks forward to making a decision on the arrangement of the remaining funds in full cooperation with the AssangeDAO community.
As previously reported by ChainCatcher, AssangeDAO member Silke Noa said that in order to rescue Assange, it is estimated that more than 11,000 ETH (US$37 million) of the 16,593 ETH raised by AssangeDAO through the purchase of "The Clock" has been used for legal defense and publicity activities.
Security reasons have prevented full transparency in the past about how funds have been allocated, lest it prejudice Julian’s case, but now is the time for the Wau Holland Foundation to provide a detailed report on how funds have been allocated.
