In response to the Aragon Association’s claim that “Arca and other investors launched a 51% attack on it,” Jeff Dorman, chief investment officer of cryptocurrency hedge fund Arca, responded in a recent blog post: “The narrative of a 51% attack is actually incorrect. We are token holders and we want to use our tokens to participate in governance. Arca’s staking tokens drive active participation by token holders.”
In addition, in response to the Aragon Association's claim that "gangs" such as Arca have destroyed many DAOs and their communities, Arca stated that it has not attempted to dissolve Aragon, and that Arca has not invested in Invictus, Rook, Rome or Temple. The Fei Labs team proposed the dissolution on its own, and the Rook team initially proposed to split off the "Incubator DAO". These are the best results that token holders are striving for.
As previously reported, on May 10, the Aragon Association, the administrator of DAO solution provider Aragon, issued a statement saying that the recently deployed Aragon DAO was attacked by a 51% attack by a collaborative group called "Risk-Free Value (RFV) Attackers", which was related to the dissolution and liquidation of Rook DAO. The group includes a large asset management company, Arca Capital Management. There is evidence that Arca's participation was intended to gain economic benefits from Aragon. The Aragon Association revoked the voting rights of ANT token holders in response to the "51% attack" launched by investors such as Arca. #bicasso #memecoins
