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View All Big Spender
Requested:1M USDC
Rejected

Untitled Post

inBig Spender
8 months ago
BeneficiaryBeneficiary:

(1M USDC)

This is a ReferendumV2 post. It can only be edited by the proposer of the post .

Comments (5)

8 months ago

Image

If 1M is the Etherscan price, no wonder why Gnosis, BNB and others just developed their own explorers.

Is there any way to attest that this is the quote from Etherscan? Something relating to the Etherscan team directly should be beneficial like a pro-forma or similar document.

At the moment we can't know for sure as the proposer and beneficiary are Colorful Notion,

7 months ago

Dear @Colorful Notion,

Thank you for your proposal. Although we appreciate the effort behind it and find it potentially beneficial for the onboarding of Solidity developers in the context of the upcoming Asset Hub upgrades, we have two concerns that we'd like addressed before we can proceed with a decision on this referendum.

  1. Sourabh Niyogi, the CEO and co-founder of Colorful Notion, is being accused of cryptocurrency theft in a legal case (Superior Court of the State of California, Case No. 23-CIV-02026) resulting from a complaint by Sonia Gonzales, a former Business Development employee of Mr. Niyogi's from his previous company, Wolk, Inc. Details of the complaint are accessible at https://trellis.law/doc/209489553/complaint, and the case is available at https://trellis.law/case/23-civ-02026/sonia-gonzalez-vs-sourabh-niyogi-et-al. Attorneys for the plaintiff, Ms. Gonzales, accuse Mr. Niyogi of the theft of 90 ETH from Ms. Gonzales' personal computer. The complaint states: "In conversation and in later correspondence, Niyogi admitted that Defendants were responsible for transferring Plaintiff's 90 Ethererum [sic] out of her personal holdings." We assume that a copy of the email correspondence is included in the case documents. We consider this a serious issue that needs to be addressed and resolved before such a significant amount is entrusted to a company led and represented by Mr. Niyogi. Do you have any clarification you can provide to the community regarding this case or its resolution?

  2. The multisig account that will assume control of the funds (15s...AhR) has three members: Colorful Notion (121...jbx), Sourabh Niyogi (13N...YFJ - no identity), and Michael Chung (12p3...KCf). The Colorful Notion account is a multisig that has five signatories, one of which is another Colorful Notion multisig account, while the other four accounts do not have on-chain identities. Since Mr. Niyogi is a co-founder and the public representative of the company, it appears that the Colorful Notion account may be under the control of Mr. Niyogi, which would effectively make the top-level multisig account comprised of only two accounts. This configuration does not provide a sufficient number of accounts to qualify as a true multisig account. Considering the significant amount of funds requested, a safer configuration for the multisig would include multiple signatories from a diverse set of Polkadot-native DAOs, companies, and individuals. Would Colorful Notion consider a reconfiguration of the multisig in this direction for improved checks and balances?

Thank you for your response in advance.

Kind regards,

Permanence DAO

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Confirmation Period

3

of 3

Decision Period

28 / 28 days

Confirmation Period

0 / 7 days

Summary

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AyeNay

0%

Nay

Aye (38)0.0 DOT

Support0.0 DOT

Nay (38)0.0 DOT

Voting Data

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