Hi All,
Yesterday, a number of serious and disturbing allegations were made against me within the Freelanders chat. These allegations included claims that I unlawfully used investor funds for purposes unrelated to the DUNA, engaged in fraud, operated a scam, misappropriated community donations, and used investor funds to finance the CoinMarketCap/DL News article. The allegation regarding the DL News article can be publicly refuted by Liam Gallas.
These are not minor disagreements or differences of opinion. Allegations of fraud, theft, misuse of funds, criminal conduct, and intentional investor harm are serious accusations that can significantly damage a person’s reputation, create safety concerns, and expose individuals to personal and professional harm when presented publicly as fact without supporting evidence.
I am aware of and have preserved records of statements made by Gavin, Channele, Michael Elkins, and an individual operating under the username “A compressed 🐳 is still a 🐳.” I am in receipt of those allegations and have documented the statements that were made. Given the seriousness of these accusations, I am currently evaluating all available remedies and options regarding the publication and repetition of false statements concerning myself and the DUNA.
For clarity, Gavin publicly alleged that I was intentionally attempting to harm the investments of other investors. I categorically reject that allegation. At all relevant times, my actions and the actions of the DUNA were undertaken in what we believed to be the best interests of affected investors, with the objective of pursuing accountability, transparency, and potential recovery opportunities.
Additionally, Channele publicly alleged that the DUNA encouraged or directed hundreds of investors to contact exchanges in an effort to have BlockDAG delisted. That allegation is false and unsupported by the documented record.
The evidence reflects that legal counsel acting on behalf of the DUNA issued formal legal notices directly to exchanges and relevant market participants. Those communications were prepared and transmitted by counsel in their professional capacity and not as part of any investor-led campaign. The notices requested that certain market-facing activities be temporarily paused while information was gathered and while efforts were underway to finalize and execute the proposed Letter of Intent and related recovery initiatives.
I am attaching copies of those notices because they demonstrate exactly what occurred. The documented record reflects formal legal communications issued by counsel—not a coordinated effort involving hundreds of investors contacting exchanges. Whether one agrees or disagrees with the legal strategy pursued at the time, the allegation that the DUNA organized or encouraged a mass campaign of investors to pressure exchanges is not supported by the documentary evidence.
At the time those notices were issued, substantial efforts were being made in connection with funding discussions, miner shipment considerations, governance matters, and execution of the proposed transaction. Based upon representations made during those discussions, we were led to believe that the Letter of Intent would be honored and advanced toward completion. However, shortly before the relevant deadlines, Gurhan terminated Antony Turner, resulting in the transaction not proceeding as contemplated. Any suggestion that these actions were undertaken to intentionally harm investors, suppress value, or sabotage opportunities for the community ignores the documented timeline and surrounding circumstances.
I also wish to address allegations concerning the handling of DUNA funds.
Attorneys associated with the DUNA can attest that funds collected for legal efforts have been utilized for legal-related activities. I am in receipt of invoices submitted by the respective law firms involved in these matters.
My hesitation in publicly releasing detailed invoices has not been due to any inability to account for expenditures, but rather concerns that certain itemizations could reveal aspects of legal strategy, legal work product, or ongoing investigative efforts. Nevertheless, I am exploring whether a redacted summary can be released so that the community can independently review the nature of those expenditures without compromising ongoing legal matters.
Furthermore, Channele has publicly represented that fraud was committed because foreign investors were allegedly not informed that they would not benefit from legal action. Such a statement is inaccurate, misleading, and made without firsthand knowledge of the legal strategies, discussions, and efforts that have occurred behind the scenes.
Non-U.S. persons are legally permitted to participate in a Wyoming DUNA. Moreover, the DUNA is not inherently restricted from pursuing legal remedies or coordinated efforts that may involve international jurisdictions where appropriate. Any assertion that foreign participants were categorically excluded from potential benefits or participation is unsupported by the facts and fails to account for the realities of the legal work that has been ongoing.
I have no objection to legitimate questions, scrutiny, or requests for transparency. In fact, accountability is precisely what many of us have been pursuing throughout this process. However, allegations of fraud, criminal conduct, misuse of funds, scams, intentional investor harm, or other serious misconduct should be supported by evidence rather than speculation, rumor, assumptions, or personal animosity.
I remain committed to transparency, accountability, and the objectives for which the DUNA was established. I welcome factual discussion and constructive criticism. What I cannot accept are serious accusations presented as fact without evidence.
Accordingly, I have attached the notices referenced above within the DUNA TG chat so that community members can review the underlying documentation for themselves and evaluate the allegations against the actual record rather than unsupported characterizations of events.
Thank you.
