Last week, a coordinated 51% attack was launched on the Aragon DAO.
Arca Capital Management, a U.S. based asset management firm, is leading the effort. Evidence suggests that Arca’s involvement is aimed at extracting value from Aragon for financial profit.
In response, the Aragon Association is repurposing the Aragon DAO as part of a new grants program to fund DAO builders who are launching DAOs, dApps, and plugins on the new Aragon tech stack.