A decentralized autonomous organization (DAO) that is raising money to support whistleblower Julian Assange's defense has collected a record-breaking 12,350 ether ($38 million), according to fundraising platform Juicebox.
- AssangeDAO started to accept donations on Thursday and has already surpassed ConstitutionDAO, which tried to buy the U.S. Constitution at an auction.
- Earlier this year, the WikiLeaks founder was given the right to request the U.K. Supreme Court block his extradition to the U.S., where he would face criminal charges under the Espionage Act for his role in obtaining and publishing classified government documents.
- The group will use the proceeds to bid on a non-fungible token artwork created by Assange and digital artist Pak. The piece, called "Clock 1/1," is a muted clock that counts the days that Assange has spent behind bars.
- The DAO bid 2,000 ether on Pak's artwork on Tuesday.
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Learn more about Consensus 2023, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.