According to Wu Says, Hong Kong legislator Wu Zhuangjie suggested that the government should explore the establishment of a legal framework to regulate decentralized autonomous organizations to enhance Hong Kong's stability in the Web3 investment landscape, thereby attracting a large number of overseas talents and capital.
Recently, the Hong Kong High Court has ordered key figures involved in the MANTRA DAO project to disclose financial records in response to allegations of asset misappropriation and unauthorized control. The plaintiff claimed that the defendant was originally associated with RioDeFi and embezzled MANTRA DAO's assets and business. The defendant argued that ownership belongs to the DAO's token holders, not the company.
