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Bankless Founders Vow to Separate Media Company from DAO Amid Controversy
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In the midst of an ongoing controversy surrounding cryptocurrency media platform Bankless and its associated decentralized autonomous organization (DAO), the company’s founders have announced their intention to separate the brand from the DAO.
Co-founders David Hoffman and Ryan Sean Adams plan to submit a governance proposal to BanklessDAO, outlining their proposal for the separation of the two entities.
They took to X (formerly Twitter) on November 26 to make the announcement, further stating their plan to burn all of their BanklessDAO (BANK) tokens.
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