Nouns DAO $123K donation to ZachXBT blocked, vote to be repeated
A Nouns DAO’s plan to donate 100 ETH ($123,000) to ZachXBT has unexpectedly been called off, after the on-chain proposal to do so was canceled. The identity of the person responsible for doing so is still unknown. The wallet address responsible for canceling the already finalized proposal.
Nouns DAO will have to repeat the process following this latest development. This incident does, however, raise the question of how someone was able to cancel a finalized DAO governance proposal. The issue stems from the fact that Kim delegated his tokens to House of Nouns, the DAO’s governance client, before the vote was executed. By so doing, Kim lost voting power and this enabled someone to cancel the proposal.
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